everget

Ehlers Instantaneous Trendline

Ehlers Instantaneous Trendline script.

This indicator was described by John F. Ehlers in his book "Rocket Science for Traders" (2001, Chapter 10: The Instantaneous Trendline).
Release Notes: Refactored
Release Notes:
  • Fixed error and refactored
Release Notes:
  • Added ribbon filling
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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Kommentarer

This indicator is great!.. i would love to see this with multitime frame, so you sould for example see the 1 hr instantaneous trend but with candlestick for maybe 5 minutes, you could not miss a trade with that . Could you add the option?
+2 Svara
everget Saopaulo2010
@Saopaulo2010, Hi, I can create a special version for you. Let me know in DM please
+1 Svara
@everget, What is DM?. Mr Everget im really interested, by the way i entirely apreciate this, thank you very much!!!1...
Svara
Hi, I was converting this to version==4 and line 96 gave an error 'n' undefined.
if n < 12
eit := src
eit

Is n the same as i or dcPeriod?
+2 Svara
everget Gunderware
@Gunderware, change it to "bar_index". And use the conversion utility tool!
Svara
Thank you for this!
I'm assuming "Rocket Science for Traders" was a good book. Any others you recommend?
+2 Svara
everget jaggedsoft
@jaggedsoft,
there are some interesting books:
J. Ehlers. Cybernetic Analysis for Stock and Futures"
J. Perl. "DeMark Indicators"
C. Kase "Trading With The Odds"
T. Chande, S. Kroll. "The New Technical Trader"
T. Chande. "Beyond Technical Analysis"
P. Kaufman. "New Trading Systems and Methods"
P. Kaufman. "Smarter Trading"
A. Grimes. "The Art Science of Technical Analysis"
J.M. Hurst. "The Profit Magic of Stock Transaction Timing"
A. Elder. "Trading for a Living. Psychology Trading Tactics Money Management"
A. Elder. "Come Into My Trading Room"
+6 Svara
jaggedsoft everget
Thank you very much friend. Much appreciated!

Today I learned about Camarilla Points, Demark Pivot Points, Woodies Points, Fibonacci Pivot Points, and Floor Pivots
+2 Svara
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