Ehlers Filter. The indicator allows tracking the common trend and trade in its direction.
There are three adjustable parameters:
- Period – calculation period
- Momentum – momentum period
- Applied price – calculation price
Calculation:
EF = SMA(PriceCoeff) / SMA(Coeff)
where
PriceCoeff[i] = Coeff[i] * Price[i] Coeff[i] = Abs(Price[i] - Price[i-Momentum]) Price -- Applied price
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