Description : This SwissArmyKnife - MultiPurposeIndicator allows user to modify the Directional index based on one of filtering tools proposed by John F.Ehlers . Details of each filtering type can be read in Ehlers Technical Papers: "Swiss Army Knife Indicator" and/or his book "Cybernetics Analysis for Stock and Futures"
Disclaimer: These study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy. This is experimental indicator. Any ideas to further improve this indicator are welcome :)