nemozny

FRAMA (Ehlers true modified calculation)

nemozny Updated   
Credit goes to Shizaru for the original calculation. I made just a few fixes, so that the calculation is really that of Ehlers.
Fixed H2 and L2 period, fixed w natural logarithm
Release Notes:
@version=2 to @version=4
Release Notes:
fixed input(close) that was ignored in the last version
Release Notes:
Converted to v5.
Replaced the awkward log w by -4.6, as in the original white paper.
Replaced the dimen by variable assignment, to make the calculation a bit more clear.
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.

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.

Want to use this script on a chart?