OPEN-SOURCE SCRIPT
已更新 [blackcat] L2 Ehlers Loops

Level 2
Background
John Ehlers’ articles in the June issues on 2022,“Ehlers Loops, Part 1”
Function
In his article in this issue, “Ehlers Loops,” John Ehlers presents some concepts of price and volume relationship to determine if any predictive value can be obtained by the analysis. In the analysis, both price and volume are filtered using high-pass and low-pass filters with the result delivering the desired data wavelengths. The author suggests that the resulting Ehlers Loops are a way to discretionarily predict bullish and bearish moves that are based on the curvature and direction of rotation of motion in the price-volume chart.
Remarks
Feedbacks are appreciated.
Background
John Ehlers’ articles in the June issues on 2022,“Ehlers Loops, Part 1”
Function
In his article in this issue, “Ehlers Loops,” John Ehlers presents some concepts of price and volume relationship to determine if any predictive value can be obtained by the analysis. In the analysis, both price and volume are filtered using high-pass and low-pass filters with the result delivering the desired data wavelengths. The author suggests that the resulting Ehlers Loops are a way to discretionarily predict bullish and bearish moves that are based on the curvature and direction of rotation of motion in the price-volume chart.
Remarks
Feedbacks are appreciated.
版本注释
OVERVIEWThe [blackcat] L2 Ehlers Loops indicator is designed to help traders analyze market trends using advanced filtering techniques developed by John F. Ehlers. This script applies high-pass filters and super-smoothing algorithms to both price and volume data, providing insights into underlying market dynamics. By plotting the Root Mean Square (RMS) values, it offers a unique perspective on market movements, making it valuable for identifying trends and potential reversals 📈💹.
FEATURES
Applies High-Pass Filters to isolate significant price and volume changes.
Uses Super-Smoothing Algorithms to refine filtered data for clearer trend identification.
Plots Root Mean Square (RMS) values for both price and volume:
Price RMS: Visualizes price volatility and trends.
Volume RMS: Indicates volume fluctuations and potential breakouts.
Customizable periods for long-term and short-term analysis ⚙️.
Suitable for daily and higher timeframes due to its use of volume data.
HOW TO USE
Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Long Period and Short Period inputs according to your trading preferences.
Observe the plotted RMS values for price and volume on the separate pane below the main chart.
Use these values to identify trends, potential reversals, and increased market activity.
Combine this indicator with other tools for confirmation before making trading decisions.
LIMITATIONS
The indicator's effectiveness may vary across different markets and timeframes.
Users should be familiar with interpreting RMS values and their implications.
False signals can occur in highly volatile or ranging markets 🌪️.
NOTES
Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize input parameters as needed to fit your specific trading strategy.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Avoid losing contact!Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联,请立即行动,加入本猫聊天群: discord.com/invite/ZTGpQJq
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。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Avoid losing contact!Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联,请立即行动,加入本猫聊天群: discord.com/invite/ZTGpQJq
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。