John Ehlers Forward Reverse EMA
September 18, 2017, 11:40 AM
Indicators
5 Comments
Hello, I found a new indicator proposed by John Ehlers in the last episode of better system trader
http://bettersystemtrader.com/103-a-new-responsive-indicator-with-john-ehlers/
I converted the indicator from the Easy language code version.
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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Filename:
John-Ehlers-ForwardReverse-EMA.itf
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