PROTECTED SOURCE SCRIPT
Hurst Constant Envelope
Updated
This script follows the fundamentals described in J.M. Hurst works.
Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base.
That make a constant width channels, unlike the standard envelope using the % concept.
Its width is not changed at different price levels.
Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base.
That make a constant width channels, unlike the standard envelope using the % concept.
Its width is not changed at different price levels.
Release Notes
the Moving average last value is set up to be a half of wave length from the last bar on the chartso is the default offset
changed shift to width
Release Notes
Added second harmonic envelope, with span 2x basicRelease Notes
Previous version had a mistake in theory, nowThe second harmonic is now envelope with half span of the basic. Just as defined in "The Profit Magic Of Transaction Timing"
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