Mel Veteran   Posts: 235 Joined: 3/18/2006  User Profile | Thomas, The strength of the indicator is that it is much less sensitive to the period than an oscillator would be. Thus, if you are trading a monthly cycle (20 bars), if you set the period to less than that, you overcome the indicator lag and the signals are on time,or as I prefer, early. At 14 bars, you are early on on time for most signals. For oscillators, Ehlers triggers long RSI signals are the line passes down through the 20 line, signaling around three bars early. Especially for shorter period cycles, this is necessary to be profitable. In this indicator, you just reduce the period [Edited by Mel on 6/1/2020 6:34 PM] | |
