Ehlers Mesa Spectrum Dominant Cycle [CC]

The Mesa Spectrum Dominant Cycle was created by John Ehlers and this is the foundation for many indicators he created that would later follow. This is his updated version of his original Mesa algorithm and I do not recommend this indicator as a stand alone for trading. This is more of an informational indicator that will tell you the current dominant cycle period which is the approximate period between peaks and valleys in the underlying data. I have color coded buy signals just in case with both strong and normal signals. Darker colors are strong and lighter colors are normal. Buy when the line is green and sell when it is red.

Let me know if there are any other indicators you would like to see me publish!
Release Notes: Fixed a typo pointed out by @u053541

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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