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Ehler's Trendflex Indicator
15 replies, 506 viewings
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OmniTrader Professional Forum
OmniLanguage Discussion
Ehler's Trendflex Indicator
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Last Activity 2/12/2020 6:35 PM 15 replies, 506 viewings |
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THOMAS HELGET Legend   Posts: 545 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK  User Profile |
Attached please find John F. Ehler's Trendflex Indicator as described in the February, 2020 issue of "Technical Analysis of Stocks & Commodities" in his article "Reflex: A New Zero-Lag Indicator" on pages 6 -8 and 21. It is suggested in the Microsoft Excel commentary in the Traders' Tips section on p. 53 of that issue that "the Trendflex indicator seems better at recognizing enduring trends". The author also suggests that crossover points at zero might be useful as trading signals. Give it a try on your favorite instruments - I think you will like it. Tom Helget  Attached file : indTrendflex.txt (1KB - 55 downloads) | ||
| THOMAS HELGET Legend Posts: 545 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
It was late last evening when I finally finished coding and posting the Ehlers Trendflex Indicator. So here is how it looks on OmniTrader using Color Charts to show zero crossovers: Here is how it looked in the article for comparison: And here it is color-coded in the Traders Tips Excel area: I think you would agree that it keeps you on the right side of the trend. Tom Helget [Edited by THOMAS HELGET on 1/23/2020 10:35 AM] Attached file : Ehlers Trendflex Indicator on OmniTrader.jpg (144KB - 429 downloads) Attached file : Trendflex Indicator.jpg (33KB - 426 downloads) Attached file : Excel Color Bands for Trendflex Zero Crossovers.jpg (44KB - 423 downloads) | ||
| Greg Legend  Posts: 306 Joined: 3/22/2006 Location: Mishawaka, IN 46544 User Profile |
C:\Program Files (x86)\Nirvana\OT2020\VBA\Temp\TrendFlex.txt(111) : error BC30068: Expression is a value and therefore cannot be the target of an assignment. Trendflex(Bar) = (Summ(Bar) / SquareRoot(MS)(Bar)) ~~~~~~~~~~~~~~ C:\Program Files (x86)\Nirvana\OT2020\VBA\Temp\TrendFlex.txt(113) : error BC30311: Value of type '1-dimensional array of Single' cannot be converted to 'Single'. Call _Plot(Bar, "Trendflex", Trendflex(Bar)) ~~~~~~~~~~~~~~ Compiler return value: 1 Build failed. | ||
| LSJ Veteran Posts: 152 Joined: 7/23/2012 Location: Citrus Springs, FL User Profile |
Thanks Tom. | ||
| Greg Legend Posts: 306 Joined: 3/22/2006 Location: Mishawaka, IN 46544 User Profile |
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| Greg Legend Posts: 306 Joined: 3/22/2006 Location: Mishawaka, IN 46544 User Profile |
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| Jim Dean Sage   Posts: 3272 Joined: 3/13/2006 Location: L'ville, GA User Profile |
Thanks for posting this. Please see attached file, which has some small If/Then tweaks related to bar-lookbacks. No change to actual formulae. Attached file : indTrendflex-JDD.txt (1KB - 47 downloads) | ||
| THOMAS HELGET Legend Posts: 545 Joined: 3/22/2006 Location: BALDWINSVILLE, NEW YORK User Profile |
Thanks, yes, I see. Tom Helget | ||
| mholstius Regular Posts: 58 Joined: 6/15/2011 User Profile |
Sure makes it easier when we work together... BTW: thanks for the update, too, Jim. However, I wanted to let folks know that (at least with OT2020 2D), the file name with the dash in it won't compile. Just remove the dash in the file name and it works great. Hope it's a good weekend coming up for everyone, Mark | ||
| Jim Dean Sage Posts: 3272 Joined: 3/13/2006 Location: L'ville, GA User Profile |
In place of the dash, an underscore "_" could be used if desired :~) | ||
| Vinay Regular Posts: 61 Joined: 1/18/2012 Location: Planet Earth User Profile |
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| Mel Veteran Posts: 197 Online Joined: 3/18/2006 User Profile |
Attached file : reflex.zip (1KB - 53 downloads) | ||
| ap·pren·ticeGuru Veteran Posts: 102 Joined: 10/22/2010 Location: Columbia, MD User Profile |
Thanks for sharing the codes. Is there a way both Reflex and Trendflex can be combined to plot into one indicator. It'd be nice to see both plots of Reflex as the cycle component showing major reversals, while Trendflex shown as the trend component from the same indicator pane. Thanks. | ||
| Mel Veteran Posts: 197 Online Joined: 3/18/2006 User Profile |
Mel Attached file : eReflexTrend.txt (2KB - 35 downloads) | ||
| ap·pren·ticeGuru Veteran Posts: 102 Joined: 10/22/2010 Location: Columbia, MD User Profile |
Cheers. | ||
| Kasper New User Posts: 1 Joined: 12/29/2014 Location: Earth User Profile |
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