Shizaru

Elhers Super Bandpass Filter by Shizaru

82 0 2
The original script was posted on ProRealCode by user Nicolas.

Source: http://traders.com/Documentation/FEEDbk_docs/2016/07/TradersTips.html

John Ehlers describe the trading rules of this new indicator as this:
  • Buy on the filter crossing above its -RMS line
  • Short on the filter crossing below its RMS line
  • Exit long when the filter either crosses below its RMS or crosses below -RMS (which signifies a false entry signal)
  • Cover short when the filter either crosses above its -RMS or crosses above RMS (which signifies a false entry signal)

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