OPEN-SOURCE SCRIPT
Trend-Filter [John Ehlers]
Indicator Description — Trend-Filter [John Ehlers]
This indicator uses the SuperSmoother filter, created by John Ehlers, to smooth price data and identify trends with greater accuracy and less noise. It counts the number of consecutive bars in uptrend or downtrend to measure the strength of the movement and changes the line and background colors for easy visualization.
How to use this indicator:
SuperSmoother filter: smooths the price to reveal a clearer trend direction by filtering out fast oscillations and market noise.
Bar counting: monitors sequences of bars maintaining an up or down trend to identify consistent moves.
Dynamic colors:
Green line indicates a strong uptrend.
Red line indicates a strong downtrend.
Yellow line shows a neutral or undefined trend.
Optional colored background visually reinforces trend strength with transparency so it does not interfere with price reading.
Visual signals: arrows appear on the chart to mark the start of a strong trend, helping entry or exit decisions.
Adjustable parameters:
SuperSmoother Length: controls the filter smoothing (higher = smoother, less noise).
Trend Threshold: minimum number of consecutive bars to consider a strong trend.
Smooth colors: enable or disable line color smoothing.
Show signals: toggle trend start arrows on/off.
Show dynamic background: toggle the colored background indicating trend strength.
Recommendations:
Use alongside other technical analysis tools and risk management.
Can be applied on any timeframe, but interpretation is more reliable on charts with reasonable data volume.
Ideal for traders seeking to identify consistent trends and avoid market noise.
This indicator uses the SuperSmoother filter, created by John Ehlers, to smooth price data and identify trends with greater accuracy and less noise. It counts the number of consecutive bars in uptrend or downtrend to measure the strength of the movement and changes the line and background colors for easy visualization.
How to use this indicator:
SuperSmoother filter: smooths the price to reveal a clearer trend direction by filtering out fast oscillations and market noise.
Bar counting: monitors sequences of bars maintaining an up or down trend to identify consistent moves.
Dynamic colors:
Green line indicates a strong uptrend.
Red line indicates a strong downtrend.
Yellow line shows a neutral or undefined trend.
Optional colored background visually reinforces trend strength with transparency so it does not interfere with price reading.
Visual signals: arrows appear on the chart to mark the start of a strong trend, helping entry or exit decisions.
Adjustable parameters:
SuperSmoother Length: controls the filter smoothing (higher = smoother, less noise).
Trend Threshold: minimum number of consecutive bars to consider a strong trend.
Smooth colors: enable or disable line color smoothing.
Show signals: toggle trend start arrows on/off.
Show dynamic background: toggle the colored background indicating trend strength.
Recommendations:
Use alongside other technical analysis tools and risk management.
Can be applied on any timeframe, but interpretation is more reliable on charts with reasonable data volume.
Ideal for traders seeking to identify consistent trends and avoid market noise.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。