blackcat1402

[blackcat] L2 Fourier Series Analysis

Level 2

Background

John Ehlers’ articles in the July issues on 2019,“Fourier Series Model Of The Market”.

Function

In “Fourier Series Model Of The Market” in this issue, author John Ehlers introduces a Fourier series indicator designed to help traders identify cycles in the market. According to the author, the approach based on five principles outlined by J.M. Hurst in his 1970 book allows the determinization of a security’s primary cycle period and gives a faithful picture of market activity.

Remarks

You have to adjust Entry_TH value for different time frames.

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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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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