Editors' picksOPEN-SOURCE SCRIPTJohn Ehlers - The Price Radio
Updated
Price curves consist of much noise and little signal. For separating the latter from the former, John Ehlers proposed in the Stocks&Commodities May 2021 issue an unusual approach: Treat the price curve like a radio wave. Apply AM and FM demodulating technology for separating trade signals from the underlying noise.
reference: financial-hacker.com/petra-on-programming-the-price-wave-radio/
reference: financial-hacker.com/petra-on-programming-the-price-wave-radio/
Release Notes
updated fm signal to work in all tickets. leave a comment if it does not.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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