The 3 Pole Super Smoother Filter was created by John Ehlers and this is an oldie but a goodie. A great moving average that clearly shows a good trendline and so buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you want me to publish!
The 2 Pole Butterworth Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 192) and this is one of his many filters that cuts out the noise and follows the price very closely. I recommend combining a 2 pole and 3 pole system of the same type of filter. Buy when the indicator line is green and sell when it is red. Let me know if there...
The Modified Relative Strength Index was created by John Ehlers (Cycle Analytics For Traders pgs 87-88) and this is a typical RSI that uses his roofing filter as the input. He smooths it with his own super smoother filter to provide signals. This indicator is extremely reactive and works in cycles so keep that in mind. I haven't been able to come up with clear buy...
The Spearman Rank Indicator was created by John Ehlers (Stocks and Commodities July 2020 pg 6) and this works well as a trend confirmation indicator. This is obviously his take on the Spearman Ranking Correlation and make sure to let me know what you think! Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you...
The Error Correcting Exponential Moving Average was created by John Ehlers and Ric Way (Stocks & Commodities V. 28:11 (30-35)) and this is an excellent moving average that accurately identifies the trend and sticks with the price during trends or choppy periods pretty well. It looks back to find the best gain setting for each day that returns the smallest...
The BandPass Filter was created by John Ehlers (Cycle Analytics For Traders pgs 56-57) and this indicator only works well in choppy markets so I figured it would be useful for the scalpers out there. As you will notice it correctly identifies the peaks and valleys in the underlying stock data but it doesn't work as well when the stock is trending. The black line...
The Moving Average Difference Indicator was created by John Ehlers (Stocks and Commodities Oct 2021 pg 23) and this is essentially his version of the famous MACD indicator. He calls this indicator the "thinking mans" MACD because his thought process for creating the lengths is based on half of the period of the dominant cycle. These are the default lengths that he...
The Simple Clip Indicator was created by John Ehlers (Stocks and Commodities June 2021 pg 10) and this is obviously very similar to the previous indicator I published ( Ehlers Simple Deriv Indicator ) so I would recommend to try both out and see what you prefer. This is a new momentum indicator that is extremely responsive to price changes and when the indicator...
The Alternate Signal To Noise Ratio was created by John Ehlers (Rocket Science For Traders pgs 84-85) and this is a variation of his signal to noise ratio that some scalpers might find more useful than his default signal to noise ratio. You would want to buy and sell when the indicator is above the dotted line because that means the stock is volatile enough to...
The 3 Pole Butterworth Filter was created by John Ehlers (Cycle Analytics For Traders pg 32) and this is a nice filter that follows the price very closely. Buy when the indicator is green and sell when it turns red. This was a custom request so let me know if you would like me to publish any other scripts or if you want something custom done!
The Simple Window Indicator was created by John Ehlers (Stocks and Commodities Sep 2021) and this is the last of the 4 new indicators that he published in the latest issue of Stocks & Commodities. Since these are all part of a series, the idea behind each indicator is the exact same. The only difference is of course the calculation for each indicator. This script...
––––History & Credit 👩🏫 This indicator is inspired by a recent video from Allison Ostrander from Simpler. Just like Black Friday deals, traders look to grab a bargain, however the line is thin between getting a good deal and bottom fishing. Allison teaches that if you wait for a move to confirm it might be too late or worse getting in at the highs before the...
––––History & Credit This is the Pro Version of the famous John Carter (JC) indicator TTM Squeeze. John has been trading setups with a "squeeze" for quite some time and is prime indicator in his methodology. JC offers the product in Simpler Trading. –––––What it does The indicator prints for moments in time when volatility has tightened. Tight volatility is...
––––History & Credit 📚 This indicator is inspired from JC's from Simpler QuantPivots. In an open video he claims to have reversed engineered the levels of a $14M AI Quant Computer. I manage to recreate the indicator and it is a 99% match to his. There are tiny differences due to different ways TradingView is calculating data compared to ThinkOrSwim. –––––What...
HISTORY AND CREDITS This script has been inspired mainly by the MTF labels from Simpler trading community. I have further developed the idea by implementing my own indicators and further adding information read from various books like teachings from Mark Minervini, Charles Le Beau, other CMT gurus. WHAT IT DOES The script calculates and displays information...
MTF Radar is like your car dashboard for trading. It is your X-ray machine and, in one glance, you know what price is doing in all major time frames, from 5m to 1Q, without having to flip through multiple charts. Simple and visual! The Sqz column indicates whether a stock is in consolidation(i.e. in squeeze) or in expansion (fired). Color denotes different...
HISTORY AND CREDITS ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Recreating the Labels functionality of ThinkorSwim. The most important labels for momentum trading. I have been using these over the years and am considering this my star indicator. I have included various methodologies from reading many trading books....