Source: Stocks and Commodities V38
Hooray! Another new John Ehlers indicator!
John claims this indicator is lag-less and uses the SPY on the Daily as an example.
This indicator is a slight modification of Reflex, which I have posted here
I think it's better for Stocks and ETFs than Reflex since it factors in long trends. It tends to keep you in winning trades...
//@Devendra Akolkar - @dakolkar - This indicator will compare and show relative performance of 3 symbols.
// It'll compare those 3 symbols on 3 different Timeframe (Weekly - 5 sessions , BiWeekly - 10 sessions and Monthly - 20 sessions) and display performance in %