Spread DifferentialThe Spread Differential tries to measure the speed of the market in any given direction. The histogram plots levels above or below zero in a sequence of Humps and Waves. Humps are repetitions of the previous trend before dropping to or near 0 whilst Waves are similar to Humps but the histogram must drop to or near 0 prior to forming another wave. You might notice that in no trend does the indicator ever form more than 2 waves. The indicator should be used in conjunction with the MA's selected in the panel to identify possible points of failure.
Differential
Ehlers Moving Average Difference Indicator [CC]The Moving Average Difference Indicator was created by John Ehlers (Stocks and Commodities Oct 2021 pg 23) and this is essentially his version of the famous MACD indicator. He calls this indicator the "thinking mans" MACD because his thought process for creating the lengths is based on half of the period of the dominant cycle. These are the default lengths that he created but feel free to test it out with your own variations and please let me know if you come up with a better one. I'm sorry for my long delay from TV. Sometimes I just need to step away and collect my thoughts before I burn myself out with the many scripts I keep publishing daily. I will try to get back into publishing daily again because I have a personal backlog of over 50 scripts ready to go that I haven't published yet. As always I have included strong buy and sell signals in addition to normal ones so darker colors are strong and lighter colors are normal. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
