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Even better Sinewave
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=73668
Forum: 17 · Topic 73668 · 1 post(s)
Even better Sinewave
Apprentice · Mon May 01, 2023 8:39 am
Based on the source https://www.prorealcode.com/prorealtime … r-sinewave
Indicator of signal noises filtering made by John F. Ehlers. It introducts cycles passthru as low pass filter of prices. This indicator is described in the John Ehlers’book “Cycle Analytics for Traders”.
As a matter of fact this indicator can nicely show bullish and bearish cycle momentum of price but also with some lagging effect, included by its filtering capability. It should not be use alone but as it is intended to do, like a filter.