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MT5 Ehler's indicators

#1
From Mladen Rakic-

In the December 2021 issue of TASC article “The DMH: An Improved Directional Movement Indicator”, John Ehlers explores a method of modernizing directional movement with Hann windowing. Directional movement has been a mainstay in technical analysis and has been an examined concept by traders for decades. When the original directional movement indicator was created by J. Welles Wilder, technology did not easily allow for complex calculations. Ehlers proposes it is time for an upgrade. While the DMH indicator defaults to using Wilder’s 14 bars, Ehlers suggests the length should be at the discretion of the trader or can be determined by optimization if the DMH is used in a strategy.
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Recommendations:

in this version compared to the original additional color changes added :
.color change on slope change
.color change on zero line cross
.and no color change (as in the original)
Use it as Ehlers recommends it or use color changes for possible signals
some experimenting with DMH period recommended before using it
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DMH.mq5
(8.68 KiB) Downloaded 97 times


Re: MT5 Ehler's indicators

#2
From Mladen Rakic:

In his article in January 2022 issue of TASC, “(Yet Another) Improved RSI,” John Ehlers explains how he enhances the RSI by taking advantage of Hann windowing. The RSIH indicator provides a smoother calculation than the classic RSI and has a zero mean. The inherent smoothing in the computation removes the need for supplemental filtering.

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Compared to built in Rsi

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Recommendations:
* You can use it as any other Rsi indicator
* You can use (since rsi is a momentum family of indicators) the color change for possible momentum change estimation
* You can use zero crosses as an estimation of longer term "trends"
Rsi with Hann.mq5
(8.89 KiB) Downloaded 57 times

Re: MT5 Ehler's indicators

#3
From Mladen Rakic:


In his article in February 2022 issue of TASC, “An Elegant Oscillator: Inverse Fisher Transform Redux,” author John Ehlers explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.
Image


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Recommendations:
this version is extended compared to original (not using fixed oscillator period and you can freely chose prices)
some experimenting with parameters advised (see the example bellow : red is default, blue is with periods 100,100 - so there is plenty of room for experimenting)
Image
Elegant oscillator.mq5
(9.81 KiB) Downloaded 20 times

Re: MT5 Ehler's indicators

#4
Hi mrtools,
could you please to add alert arrow on chart to cross signal ? Thanks a lot for all
mrtools wrote:
Sat Jan 15, 2022 6:57 am
From Mladen Rakic:


In his article in February 2022 issue of TASC, “An Elegant Oscillator: Inverse Fisher Transform Redux,” author John Ehlers explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.
Image


Image



Recommendations:
this version is extended compared to original (not using fixed oscillator period and you can freely chose prices)
some experimenting with parameters advised (see the example bellow : red is default, blue is with periods 100,100 - so there is plenty of room for experimenting)
Image

Re: MT5 Ehler's indicators

#5
mrtools wrote:
Sat Jan 15, 2022 6:57 am
From Mladen Rakic:


In his article in February 2022 issue of TASC, “An Elegant Oscillator: Inverse Fisher Transform Redux,” author John Ehlers explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.
Image


Image



Recommendations:
this version is extended compared to original (not using fixed oscillator period and you can freely chose prices)
some experimenting with parameters advised (see the example bellow : red is default, blue is with periods 100,100 - so there is plenty of room for experimenting)
Image
Just a small change (that affects the way how the oscillator period is used)
Elegant oscillator.mq5
(9.87 KiB) Downloaded 23 times




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