Quoted from Cheatcountry : “The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.”
now ive passed 69 likes on this bad boy can we push it to 420 likes, 690 next stop
Indicator-Jones
⋅
I am pretty sure you meant "buy when it's red and sell when it's green" (for long positions) in the description ^^
Indicator looks very promising, Thank you 🙏
burgercrisis
⋅
@Indicator-Jones, Length and system dependent. Green is momentum up. Red is momentum down. If you are trying to buy perfect bottoms you would buy in the red and find congruence with other indicators. If you are using as a trend following, you make sure your length confirms to the chart rate and buy on green and sell on red.