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InvestitoreComune

Elhers Super Bandpass Filter by Shizaru

InvestitoreComune  
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The original script was posted on ProRealCode by user Nicolas.

Source: traders.com/Document.../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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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

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