OPEN-SOURCE SCRIPT

convolution

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Description:
Convolution indicators aim to identify a major reversal in the price direction so that one can trade the market primarily in the direction of the ensuing trend, as described in the Cycle Analytics for Traders, by John F. Ehlers pg. 165. The notion is based on the concept of the two price segments are perfectly correlated (cross-correlated) that have been folded at the horizontal point, since high correlation exists only at the market turning point, e.g. price decreases linearly until the bottom is reached and then increases linearly after the bottom occurs and vice versa. The vertical scale is the lookback period, while the value is converted to colors.

Features:
  • High-pass filter and Smoothing function on the input data
  • Major reversals are identified by plumes pointing backward to the time of the price reversal
  • Bullish reversal identified by the green color of the indicator,
  • while Bearish reversal identified by a red color dominated the indicator
Notes de version
minor change, to displayed chart
Notes de version
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Notes de version
options to apply high-pass filter
convolutionehlerspricereversalTrend Analysisturningpoint

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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