The Directional Movement Hann Window Indicator was created by John Ehlers (Stocks and Commodities Dec 2021 pgs 17-18) and this is his updated version of the classic Directional Movement indicator created by J. Welles Wilder. Ehlers uses the Hann Window Filtering after using an exponential moving average to smooth the classic directional movement indicator. This helps significantly with the lag and lack of smoothing which are both issues with the classic indicator. I have included strong buy and sell signals in addition to the normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Hi Franklin, Thanks a lot for publishing John Ehlers' indicators. They are very useful. I applied this indicator to Bitcoin and the "Sig" values display much larger figures than -1 and +1, I wonder if it's supposed to be like that or am I missing some point?
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@EAnion, Can you please send me a pm with more info and I will take a look into it
Thanks a lot for publishing John Ehlers' indicators. They are very useful. I applied this indicator to Bitcoin and the "Sig" values display much larger figures than -1 and +1, I wonder if it's supposed to be like that or am I missing some point?