Hurst Constant Envelope
This script follows the fundamentals described in J.M. Hurst works.
Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base.
That make a constant width channels, unlike the standard envelope using the % concept.
Its width is not changed at different price levels.
Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base.
That make a constant width channels, unlike the standard envelope using the % concept.
Its width is not changed at different price levels.
Versionsinformation:
the Moving average last value is set up to be a half of wave length from the last bar on the chart
so is the default offset
changed shift to width
so is the default offset
changed shift to width
Versionsinformation:
Added second harmonic envelope, with span 2x basic
Versionsinformation:
Previous version had a mistake in theory, now
The second harmonic is now envelope with half span of the basic. Just as defined in "The Profit Magic Of Transaction Timing"
The second harmonic is now envelope with half span of the basic. Just as defined in "The Profit Magic Of Transaction Timing"