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Re: Ehlers Indicators for MT4

#331
mrtools wrote:
Mon Aug 23, 2021 8:22 am
Guess this is Ehlers know it's the very close to non linear kalman which far as i'm aware is from Ehler. Anyway changed the coloring to non repaint if color mode = true.
mrtools wrote:
Mon Aug 23, 2021 11:57 am
15 Min chart defaults settings except using 30 minute timeframe,order = 3, pre smooth = 3, and pct filter = 2.
The Order, Pre-Smooth & PCT Filter settings are spot on.

Also, have a look at the indicator on Bitcoin 4H chart using settings of:


What's your thoughts? Good for trends or too laggy compared to Filter Period of 14? I think they're not bad to be honest! :think:

Attached is a PDF which also outlines Ehlers's Spectral filters and frequency analysis. You will find more information on the Lowpass here.

Ehlers Spectral filters and frequency analysis.pdf
(260.38 KiB) Downloaded 171 times
Bitcoin-indicator-for-mt4-trends.png
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Re: Ehlers Indicators for MT4

#333
mrtools wrote:
Mon Aug 23, 2021 8:22 am
Guess this is Ehlers know it's the very close to non linear kalman which far as i'm aware is from Ehler. Anyway changed the coloring to non repaint if color mode = true.

PS: For optimal settings, please see this post: Ehlers's Lowpass Filter Settings using Fibonacci numbers.
Image
Looks awesome on H1, may I know how can we get notification when the color change? like email notification? Thank you! :D
Success is a lonely road.
Success in anything worth having is tough.
trading isn't something you're going to become profitable with overnight.
It take hard work, dedication and perseverance.
---Daily Time Frame Algo Trader

Re: Ehlers Indicators for MT4

#334
Jimmy wrote:
Mon Aug 30, 2021 7:57 pm
The Order, Pre-Smooth & PCT Filter settings are spot on.

Also, have a look at the indicator on Bitcoin 4H chart using settings of:

  • Filter Period: 21 (Fibonacci number)
  • Order: 3
  • Pre-Smooth: 3
  • PCT Filter: 2

What's your thoughts? Good for trends or too laggy compared to Filter Period of 14? I think they're not bad to be honest! :think:

Attached is a PDF which also outlines Ehlers's Spectral filters and frequency analysis. You will find more information on the Lowpass here.


Ehlers Spectral filters and frequency analysis.pdf
LOW PASS FILTER

How about 2 buttons. One for filter period of 14 and one for filter period 21.
Attached is a template.
LowPass (filter 14 and 21).tpl
(26.44 KiB) Downloaded 131 times
!!lowpassfilter_v1 mtf BT.mq4
(30.68 KiB) Downloaded 214 times
LowPass filter 14 and 21.gif
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


Re: Ehlers Indicators for MT4

#336
mrtools wrote:
Tue Aug 31, 2021 5:54 am
Added phone and email notification.
Awesome, Thank you! :lol:
Success is a lonely road.
Success in anything worth having is tough.
trading isn't something you're going to become profitable with overnight.
It take hard work, dedication and perseverance.
---Daily Time Frame Algo Trader

Re: Ehlers Indicators for MT4

#339
Ehlers FM Demodulation

Coder: Richard Poster
Released date: May 17th, 2021 from the official mql5 dot com

In a Technical Analysis of Stocks and Commodities article, May 2021, John Ehlers proposes a FM Demodulation Indicator that extracts the FM component of price movement. The AM portion of price movement represents volatility and the FM component contains market timing information. This indicator is an MQL4 implementation of the Easy Language indicator described by Ehlers in the TASC article.
-------------------------------------------------------------------
Here's the description from the magazine article:
A Technical Description Of Market Data For Traders

What is the nature of market data? What wisdoms can be gained from studying it? Here is a brief summary of research into the nature of market data, from someone who has spent decades researching it, testing it, and trading it. Included is a technique to detect and demodulate the AM and FM components of cycles, so you can better ensure your timing signals are accurately accounting for the market data.

Most traders consider market data to be a continuous function. It is further assumed that smoothing this function with averages or squiggly line indicators will create patterns or conditions that are useful for predicting future market direction. These assumptions are very wrong on many levels ...

by John F. Ehlers
-------------------------------------------------------------------
Also watch out for the divergences.
FMDeModInd.mq4
(3.74 KiB) Downloaded 96 times
FM_EURUSDH1.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


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