Even better Sinewave

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Even better Sinewave

Postby Apprentice » Mon May 01, 2023 8:39 am

EURUSD D1 (05-01-2023 1538).png

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.
Even better Sinewave.lua
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Apprentice
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