OPEN-SOURCE SCRIPT

Ehlers Correlation Angle Indicator

Updated
The Correlation Angle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend termination and simply buy when it is green and sell when it turns red.

Let me know if you would like to see me publish other scripts or if you want something custom done!
Release Notes
removed state to be used in a separate indicator
Release Notes
updated to make it consistent with my other indicators
angleCentered OscillatorsehlerehlersjohnjohnehlersLinear RegressiontrendTrend AnalysisTrend Line BreaktrendreversaltrendtradingVolatility

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 publication is governed by House rules. You can favorite it to use it on a chart.

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