LazyBear

Ehlers Cyber Cycle Indicator [LazyBear]

The Cyber Cycle Indicator, developed by John Ehlers , is used for isolating the cycle component of the market from its trend counterpart. Unlike other oscillators like RSI , Cyber Cycle Indicator's wave has a variable amplitude.

Use the osc/signal crossover for entry/exit points. You can enable highlighting the crossovers by using region fills (via options page). I have also added an option to color the bars based on this.

Actually I have lot of Ehlers indicators in my to-publish backlog, will try to prioritize them over the others in the pipeline. Lets have an Ehlers week for indicators :)

More info:
Cybernetic Analysis for Stocks and Futures

List of my public indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970



List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
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.

Want to use this script on a chart?
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study("Ehlers Cyber Cycle Indicator [LazyBear]", shorttitle="ECCI_LB", overlay=false, precision=3)
src=input(hl2, title="Source") 
alpha=input(.07, title="Alpha")
smooth=(src+2*src[1]+2*src[2]+src[3])/6
cycle_=(1-.5*alpha)*(1-.5*alpha)*(smooth-2*smooth[1]+smooth[2])+2*(1-alpha)*nz(cycle_[1])-(1-alpha)*(1-alpha)*nz(cycle_[1])
cycle=(n<7)?(src-2*src[1]+src[2])/4:cycle_
t = cycle[1]
plot(0, title="ZeroLine", color=gray) 
fr=input(true, title="Fill Osc/Trigger region")
duml=plot(fr?(cycle>t?cycle:t):na, style=circles, linewidth=0, color=gray, title="Dummy")
cmil=plot(cycle, title="CyberCycle",color=blue)
tl=plot(t, title="Trigger",color=green)
fill(cmil, duml, color=red, transp=50, title="NegativeFill")
fill(tl, duml, color=lime, transp=50, title="PositiveFill")
ebc=input(false, title="Color bars?")
bc=ebc?(cycle>0? (cycle>t?lime:(cycle==t?gray:green)): (cycle<t?red:orange)):na
barcolor(bc)