Phase Calculation

cheatcountry Updated   
Phase Calculation was authored by John F. Elders in the Stocks and Commodities Magazine 11/1996

This indicator will tell you if the stock is in a uptrend or downtrend. A phase number with a low number means it is in a uptrend and a phase number with a high number means it is in a downtrend.

Let me know if you want to see me write code for different indicators!
Release Notes:
updated to match with my other indicators
Release Notes:
fixed issue with default resolution
Release Notes:
Updated to v5

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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.


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