Hello, I found a new indicator proposed by John Ehlers in the last episode of better system trader
103 – A brand new, more responsive indicator with John Ehlers
I converted the indicator from the Easy language code version.
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AA= 0.1 CC = 1 - AA if barindex = 1 then CC = .9 RE1 = 0 RE2 = 0 RE3 =0 RE4 = 0 RE5 = 0 RE6 = 0 RE7 = 0 RE8 = 0 EMA = 0 Signal = 0 endif if barindex > 1 then EMA = AA*Close + CC*EMA[1] RE1 = CC*EMA + EMA[1] RE2 = EXP(2*LOG(CC))*RE1 + RE1[1] RE3 = EXP(4*LOG(CC))*RE2 + RE2[1] RE4 = EXP(8*LOG(CC))*RE3 + RE3[1] RE5 = EXP(16*LOG(CC))*RE4 + RE4[1] RE6 = EXP(32*LOG(CC))*RE5 + RE5[1] RE7 = EXP(64*LOG(CC))*RE6 + RE6[1] RE8 = EXP(128*LOG(CC))*RE7 + RE7[1] Signal = EMA - AA*RE8 endif return Signal,0 |
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@Francesco78 Thank you for sharing this code. Shouldn’t we define the EMA and its period first?
HI Khaled, EMA is defined here
EMA = AA*Close + CC*EMA[1]
I am not very present on this forum anymore, pls follow me on linkedin thanks!
Thanks, but if I may ask what’s EMA Period? The price which reverses the EMA[20] is not the same compared to the one which reverses the EMA[10]
EMA is not a moving average, it is just the name we called the quantity defined above
My bad. Thank you so much!