Ehlers Market State Indicator [CC]

The Market State 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 the market state which acts as a trend direction and tells you whether the trend is strong in either direction. Keep in mind that when the indicator rapidly switches then the market is choppy and when it is a steady line then it is a very strong trend. Essentially buy when the indicator line is green and sell when it is red.

Let me know if you would like me to publish other scripts or if you want something custom done!

Note: I'm republishing this because the original script couldn't be found in searches so this will fix that.

Notas de Lançamento

fixed issue with default resolution

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

cheatcountry

I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry

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Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.

Script de código aberto

cheatcountry

I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry

Também em: