OPEN-SOURCE SCRIPT
Reverse Ehler Instantaneous Trendline - TraderHalai
This script uses a reverse function of the famous Ehler Instantaneous Trendline to calculate the source price required in order to change from Bullish to bearish
From my analysis, the reverse price does appear to be rather choppy, though it is 100% accurate. This is because Ehler's Instantaneous Trendline tends to remain trending for longer periods of time with above average hold periods.
The main suitability for this would be higher level timeframes, such as Weekly, 5 daily, 3 daily. From my findings Smoothed Heikin Ashi Trend, tends to provide better risk-adjusted returns across most timeframes (Higher return to drawdown ratio)
As I have spent a bit of time getting the reverse function mathematics to work, I decided to publish this as open source for the benefit, scrutiny and for further development by the TradingView community anyways.
Enjoy!
From my analysis, the reverse price does appear to be rather choppy, though it is 100% accurate. This is because Ehler's Instantaneous Trendline tends to remain trending for longer periods of time with above average hold periods.
The main suitability for this would be higher level timeframes, such as Weekly, 5 daily, 3 daily. From my findings Smoothed Heikin Ashi Trend, tends to provide better risk-adjusted returns across most timeframes (Higher return to drawdown ratio)
As I have spent a bit of time getting the reverse function mathematics to work, I decided to publish this as open source for the benefit, scrutiny and for further development by the TradingView community anyways.
Enjoy!
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。