Ehlers Forward Reverse EMA

This is Ehlers most recent indicator, today is 6/17/18 "Forward and Reverse EMA". I have done my best to translate the code form trade stations easy language.

If anyone knows easy language could they check my translation against the easy language code below.

{
Forward / Reverse EMA
(c) 2017 John F. Ehlers
}

Inputs:
AA(.1);

Vars:
CC(.9),
RE1(0),
RE2(0),
RE3(0),
RE4(0),
RE5(0),
RE6(0),
RE7(0),
RE8(0),
EMA(0),
Signal(0);

CC = 1 - AA;
EMA = AA*Close + CC*EMA[1];

RE1 = CC*EMA + EMA[1];
RE2 = Power(CC, 2)*RE1 + RE1[1];
RE3 = Power(CC, 4)*RE2 + RE2[1];
RE4 = Power(CC, 8)*RE3 + RE3[1];
RE5 = Power(CC, 16)*RE4 + RE4[1];
RE6 = Power(CC, 32)*RE5 + RE5[1];
RE7 = Power(CC, 64)*RE6 + RE6[1];
RE8 = Power(CC, 128)*RE7 + RE7[1];

Signal = EMA - AA*RE8;

Plot1(Signal);
Plot2(0);

Release Notes

Ehlers reverse EMA Trend just a little easier to see when it is above or below the zero line

Release Notes

Stratergy

if TrendRevEMA > 0 and
CycleRevEMA crosses over 0 then
Buy next bar at Market

if TrendRevEMA crosses over 0
or CycleRevEMA crosses over 0 then
Buy to cover next bar at market

if TrendRevEMA crosses under 0 or
CycleRevEMA crosses under 0 then
Sell next bar at market

if TrendRevEMA < 0 and
CycleRevEMA crosses under 0 then
Sell Short next bar at Market

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.

DannyBaker

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

DannyBaker