cheatcountry

Ehlers Correlation Cycle Indicator

The Correlation Cycle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically part of three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend direction and trend strength and simply buy when it is green and sell when it turns red. Also keep in mind that the higher the indicator is above the signal then the stronger the trend and when they are close together, conditions get choppy.

Let me know if you would like to see me publish other scripts or if you want something custom done!
Release Notes: changing my code to make it uniform with everything else
Release Notes: updated to make it consistent with my other indicators
Release Notes: fixed issue with default resolution
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

that's very useful. ty
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cheatcountry CatoshiDogamoto
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I like cycle indicators. Thx and hopefully waiting the other two
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@MeTu2018, Make sure to follow me if you aren't already so you can be notified when I publish the scripts
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