OPEN-SOURCE SCRIPT
[blackcat] L1 Dual Ehlers Bandpass Filter

OVERVIEW
The Dual Ehlers Bandpass Filter combines two bandpass filters tuned to the dominant and subdominant market cycles, creating a powerful signal extraction tool. This indicator uses John Ehlers' advanced digital signal processing techniques to isolate specific frequency components from price data. By mixing the outputs of two bandpass filters, it provides a smoother, more responsive signal that captures both primary and secondary market cycles. The indicator includes divergence detection capabilities and multiple mixing methods for customizable signal extraction.
FEATURES
- Dual bandpass filtering with dominant and subdominant cycle detection
- Multiple dominant cycle calculation methods (HoDyDC, PhAcDC, DuDiDC, CycPer, BPZC)
- Flexible mixing options: weighted, sum, difference, dominant-only, or subdominant-only
- Adjustable bandwidth parameters for both filters
- Built-in divergence detection with customizable lookback periods
- Optional display of individual filter components
- Color-coded signals and alerts for bullish/bearish divergences
HOW TO USE
1. Select your preferred price source (close, high, low, etc.)
2. Choose the dominant cycle calculation method from the available options
3. Set the subdominant cycle ratio (typically 0.1-0.9 of the dominant cycle)
4. Adjust bandwidth parameters for both filters (0.1-1.0 range)
5. Select your preferred mixing method:
- Weighted: Mix based on adjustable weights
- Sum: Add both filter outputs
- Difference: Subtract subdominant from dominant
- Dominant: Show only the dominant filter
- Subdominant: Show only the subdominant filter
6. Enable divergence detection to identify potential trend reversals
7. Optionally enable individual filter plots for analysis
LIMITATIONS
- The indicator requires sufficient historical data for accurate cycle detection
- Dominant cycle calculations may vary significantly during low volatility periods
- Divergence signals are lagging indicators and should be used with confirmation
- Bandpass filters may produce false signals during choppy market conditions
- The indicator is not suitable for all trading styles and timeframes
NOTES
- The indicator uses the blackcat1402/dc_ta library for advanced cycle calculations
- Zero line crossing can indicate potential trend changes
- Positive values typically suggest bullish momentum, negative values bearish momentum
- Divergence signals appear as colored dots and labels on the chart
- Alert conditions are available for both bullish and bearish divergences
THANKS
Special thanks to John Ehlers for his pioneering work in digital signal processing for financial markets.
The Dual Ehlers Bandpass Filter combines two bandpass filters tuned to the dominant and subdominant market cycles, creating a powerful signal extraction tool. This indicator uses John Ehlers' advanced digital signal processing techniques to isolate specific frequency components from price data. By mixing the outputs of two bandpass filters, it provides a smoother, more responsive signal that captures both primary and secondary market cycles. The indicator includes divergence detection capabilities and multiple mixing methods for customizable signal extraction.
FEATURES
- Dual bandpass filtering with dominant and subdominant cycle detection
- Multiple dominant cycle calculation methods (HoDyDC, PhAcDC, DuDiDC, CycPer, BPZC)
- Flexible mixing options: weighted, sum, difference, dominant-only, or subdominant-only
- Adjustable bandwidth parameters for both filters
- Built-in divergence detection with customizable lookback periods
- Optional display of individual filter components
- Color-coded signals and alerts for bullish/bearish divergences
HOW TO USE
1. Select your preferred price source (close, high, low, etc.)
2. Choose the dominant cycle calculation method from the available options
3. Set the subdominant cycle ratio (typically 0.1-0.9 of the dominant cycle)
4. Adjust bandwidth parameters for both filters (0.1-1.0 range)
5. Select your preferred mixing method:
- Weighted: Mix based on adjustable weights
- Sum: Add both filter outputs
- Difference: Subtract subdominant from dominant
- Dominant: Show only the dominant filter
- Subdominant: Show only the subdominant filter
6. Enable divergence detection to identify potential trend reversals
7. Optionally enable individual filter plots for analysis
LIMITATIONS
- The indicator requires sufficient historical data for accurate cycle detection
- Dominant cycle calculations may vary significantly during low volatility periods
- Divergence signals are lagging indicators and should be used with confirmation
- Bandpass filters may produce false signals during choppy market conditions
- The indicator is not suitable for all trading styles and timeframes
NOTES
- The indicator uses the blackcat1402/dc_ta library for advanced cycle calculations
- Zero line crossing can indicate potential trend changes
- Positive values typically suggest bullish momentum, negative values bearish momentum
- Divergence signals appear as colored dots and labels on the chart
- Alert conditions are available for both bullish and bearish divergences
THANKS
Special thanks to John Ehlers for his pioneering work in digital signal processing for financial markets.
开源脚本
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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。