OPEN-SOURCE SCRIPT
Ehlers Cybernetic Oscillator (v6)
The script below implements the Ehlers Cybernetic Oscillator, adapted directly for Pine Script v6. It applies a specialized highpass filter to eliminate market noise, smooths it using a 2-pole SuperSmoother filter to eliminate lag, and scales it according to its Root Mean Square (RMS).
How to use this indicator:
Zero-Line Crossings: When the Blue main line crosses above 0, it indicates a shifting bullish trend acceleration with minimized lag.
Signal Crossings: When the Blue line crosses above the Orange line below the zero line, it signals an early cyclic entry setup.
How to use this indicator:
Zero-Line Crossings: When the Blue main line crosses above 0, it indicates a shifting bullish trend acceleration with minimized lag.
Signal Crossings: When the Blue line crosses above the Orange line below the zero line, it signals an early cyclic entry setup.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.