Banzai wrote: Thu May 15, 2025 6:29 am Cybernetic Oscillator
This script implements the Cybernetic Oscillator introduced by John F. Ehlers in his article "The Cybernetic Oscillator For More Flexibility, Making A Better Oscillator" from the June 2025 edition of the TASC Traders' Tips. It cascades two-pole highpass and lowpass filters, then scales the result by its root mean square (RMS) to create a flexible normalized oscillator that responds to a customizable frequency range for different trading styles.
MT4 converter: BanzaiCode: Select all
https://www.tradingview.com/script/QwMaFZTL-TASC-2025-06-Cybernetic-Oscillator/
Released date: May 14, 2025
Watch out for the divergences.
For MT5 version, please go here:
post1295565636.html#p1295565636
Added the simple strategy Ehlers is exploring in the article, but visualized through the indicator Banzia created for MT4 using colored wingdings on the 0-line. It is a buy only strategy, but this indie allows the user to select if sells should also be indicated based on the same settings and rules. Alternatively, one can drag it on the chart twice, 1 for buy only and 1 for sell only and optimize the periods independently.
