divergence software, inc.
Development & Consulting Services
Product Detail
Instantaneous Trendline
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
This script will calculate the Ehler Instantaneous Trendline by removing the dominant cycle from the price information. The trendline looks like a simple moving average but the period of the dominant cycle changes as it moves across the chart. The trendline lag will always be one-half the period of the measured dominant cycle. Don't trade the trend until the price has crossed the trendline for longer than half of the dominant cycle. Source code is provided so the calculations can be modified and integrated into other studies.
Specifications
- Product ID: EHL04
- Requires eSignal 12.x or newer