cheatcountry

Ehlers 2 Pole Butterworth Filter V2 [CC]

The 2 Pole Butterworth Filter was created by John Ehlers (Cycle Analytics For Traders pg 32) and this is an updated version of his original 2 pole Butterworth Filter script that seems to follow the price even closer. Buy when the indicator line turns green and sell when it turns red.

Let me know if there are other scripts you would like to see me publish or if you want something custom done!
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Comments

Very cool indicator, i like the visual and it's simplicity. Looks like indicator might work well with trending market, but when market starts to move sideways, that is something i am thinking about now.
Overall, thanks for sharing this, it's awesome.
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@dman103, I'm glad you like it
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dman103 cheatcountry
@cheatcountry, By the way, what are the Yellow dots on the sample chart here? I don't see it in the indicator.
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@dman103, apparently that is a built in pinescript function that advertises other indicators I have published. I have no clue how to disable it by default
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Hi Cheatcountry, amazing stuff. One question can this be applied to Forex? And since I am a rookie at this care to elaborate on how I can install this.
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@Prime117, Yes this can be applied to any financial data
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Hi, Cheatcountry... yet another very powerful indicator.. looks simple but has huge impact.. thank you very much.. God bless you.
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cheatcountry satdiveganesh
@satdiveganesh, thank you very much!
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Interesting. Thank you for this. The sole change in the script as far as I can see is that you are now multiplying the square root of 2 (truncated) by 1.25. Just curious as to how you chose this- sqrt of 1.57?
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cheatcountry pleasantCardin94082
@pleasantCardin94082, np. There are quite a few changes actually. Different input for one thing and different methods to calculate the coefficient values. It was Ehlers idea to multiply the square root by 1.25 and this eliminates some of the noise
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