OPEN-SOURCE SCRIPT
Ehlers Leading Indicator [CC] Ribbon
Updated
Quoted from Cheatcountry : “The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.”
His original script:
![Ehlers Leading Indicator [CC]](https://s3.tradingview.com/6/6Dl0db4S_mid.png)
This is a mod of Cheatcountrys script. I put it into a function and plotted several and implemented a tally of all.
Credit to him and John Ehler. Published with permission.
His original script:
This is a mod of Cheatcountrys script. I put it into a function and plotted several and implemented a tally of all.
Credit to him and John Ehler. Published with permission.
Release Notes
Changed visual default to ribbon.Release Notes
EXTRAEXTRA
!!
Adding a switch to switch between coloration logic.
Release Notes
Added clarityOpen-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.
take the brown acid
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.