OPEN-SOURCE SCRIPT

Ehlers 2 Pole Butterworth Filter V1 [CC]

Updated
The 2 Pole Butterworth Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 192) and this is one of his many filters that cuts out the noise and follows the price very closely. I recommend combining a 2 pole and 3 pole system of the same type of filter. Buy when the indicator line is green and sell when it is red.

Let me know if there are other indicators you would like to see or if you want something custom done!
Release Notes
fixed an error in the code. thanks to @midtownsk8rguy for bringing it to my attention
butterworthehlerehlersExponential Moving Average (EMA)filterjohnjohnehlersMoving AveragespoleTrend Analysistrendtrading

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.

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