The Detrended Ehlers Leading Indicator was created by Bill Mars based off of Ehlers work and this is his attempt to create a leading indicator based on the previous Detrended Synthetic Price. I will be honest that this is a bit of a strange script because it is an indicator based off of the detrended synthetic price which is based off of Ehlers work so I haven't found clear buy and sell signals so I'm open to suggestions. His suggestion for buy and sell signals is to only buy and sell at the indicator crossings but haven't found buy and sell logic that I'm sure about. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
Release Notes
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Decided to go with the original entry and exit signals instead of my custom ones based on user feedback
Dear Cheat Country, Thank you so much for adding this indicator here, could you please also add if there are any leading indicators out there which is still missing in TV.
Thanks so much my dear friend! This is indeed a little bit strange script. I also can't see the correlation with buy and sell signals so clearly. Maybe other parameters but no problem because you have still many to publish and of cours I am waiting for the surprice when you publish your 200th script ;-) Yuu have already posted some really very interesting indicators!
There is an indicator from Ehlers (Price Radio). It was already published by RicardoSantos but it contains a problem when use that script with crypto. My request however is if you could make a strategy from the price radio script? That would be super amazing! Thanks already so much!
cheatcountry
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@Ether2020, You are actually referring to Ehlers AM and FM detectors.