The Simple Clip Indicator was created by John Ehlers (Stocks and Commodities June 2021 pg 10) and this is obviously very similar to the previous indicator I published ( Ehlers Simple Deriv Indicator ) so I would recommend to try both out and see what you prefer. This is a new momentum indicator that is extremely responsive to price changes and when the indicator...
This script utilizes three modules: - Trendlines module (by Joris Duyck), - Winsorizing submodule and - HMA-Kahlman Trend module. The Trendlines module produces crossovers predictive of the next local trend. The Winsorizing (clipping) submodule filters signals by a volume level, eliminating the ones with the volume below a threshold. The last feature obviously...