divergence software, inc.
Development & Consulting Services
Product Detail
LMS Counter Trend
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 plots John Ehler's Least Mean Squares Countertrend Indicator. It is designed to be used in conjunction with a low-lag indicator (such as a Kalman filter). Long trades would be indicated when the Kalman crosses over the 2-day Countertrend line and vice-versa for shorts. Source code is provided so the calculations can be modified and integrated into other studies.
Specifications
- Product ID: EHL05
- Requires eSignal 12.x or newer