Thank you for posting and sharing this here Mrtools.mrtools wrote: Wed Jan 19, 2022 6:36 am This is Mladen's mt4 version of Ehler's elegant oscillator.
Elegant oscillator.mq4
The indicator is not bad as a standalone code but I think it has a lot of potential for upgrading.
Starting with Mladen's latest tweak that he posted here: MT5 Version as well as Josi's MT4 version: Elegant Oscillator edit by Josi.
By adding Moving Averages, this code seems to become just a slight (bit) better with entries.
Here is a template where I've added a 9 period EMA as well as attached the February 2022 TASC Magazine's Traders Tips issue which has more information on this new Ehlers indicator.
