You can clearly see that the indicator is really cool! Could you include the MTF and of course the Reg MAs (kkkk) please, Mr Tools?mrtools wrote: Mon Jan 15, 2024 3:10 pm Ehlers Elegant Oscillator using Trend Strength calculation
This is Ehlers Elegant Oscillator using a trend strength calculation, not really sure how useful it is yet though, but maybe worth testing.
What is the Trend Strength algorithm?
Mladen's "Trend Strength" algorithm is used to determine certain changes within an oscillator's reading and plotted and colored behind the main indicator's line as a secondary filter to help distinguish and plot entry points.
In most cases, the "trend strength" is calculated using a smoothed RSI but can be coded to be based off the primary indicator's readings.
Ehlers plus Reg Ma = big one
