OPEN-SOURCE SCRIPT
Ehlers Laguerre Filter [CC]
Updated
The Laguerre Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 216) and this indicator works well with letting you know both the short and long term trend as well as a pretty good moving average. If the indicator line is above the black line then it is a long term uptrend and below the black line is a long term downtrend. Buy when the indicator line is green and sell when it turns red.
Let me know if there are other scripts you would like to see me publish or if you want something custom done!
Let me know if there are other scripts you would like to see me publish or if you want something custom done!
Release Notes
Fixed an issue with the coloring (credit to Things for pointing it out)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 publication is governed by House rules. You can favorite it to use it on a chart.
I created the largest stock indicator library:
github.com/ooples/
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github.com/ooples/
Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7
Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry
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.