Ehlers Filter
The Ehlers Filter in Amibroker minimizes market noise to provide a clearer view of trends. Leveraging the Amibroker data feed, this filter helps traders analyze price movements by smoothing out fluctuations.
/_SECTION_BEGIN("Ehlers filter");
// Calculate normalized Ehlers filter (7-bar)
C1 = Ref( C, -1 ); C2 = Ref( C, -2 );
C3 = Ref( C, -3 ); C4 = Ref( C, -4 );
C5 = Ref( C, -5 ); C6 = Ref( C, -6 );
Ehlers =
-0.2632 * C6 - 0.1579 * C5 +
-0.0526 * C4 + 0.3158 * C3 +
0.5789 * C2 + 0.4737 * C1 +
0.1053 * C;
// Calculate moving trend 7-bar
MovTrend7 = LinearReg( Close, 7 );
// plot moving trend, moving average and price bars
Plot( Ehlers, "Ehlers", colorBlue, styleThick );
Plot( MovTrend7, "MovTrend", colorRed, styleThick );
Plot( Close, "Price", colorBlack, styleBar) ;
_SECTION_END();