divergence software, inc.
Development & Consulting Services
Product Detail
Optimal Detrend
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
John Ehler's Optimal Detrend calculations are used to compute a detrended signal from the price series. This detrended price signal is then smoothed twice using an optimum smoothing filter. These two smoothed signals are displayed in the form of an oscillator in the study window. Look for the red single-smoothed line to cross over the blue double-smoothed line as an indication price direction. Source code is provided so the calculations can be modified and integrated into other studies.
Specifications
- Product ID: EHL03
- Requires eSignal 12.x or newer