nonlinear Ehlers filter

[m@box]

Could anyone code "nonlinear Ehlers filter" for MT4.

thank you
m@box

 

[Enivid]

Could you please provide more details about this filter?

 

[m@box]

Nonlinear Ehlers Filter indicator is based on the article "Ehlers Filters" by John Ehlers in the April 2001 issue of "Technical Analysis of Stocks and Commodities". The article was adapted from John Ehlers book, "Rocket Science for Traders". The indicator calculates a non-linear finite impulse response filter using the change in price over five samples as a coefficient to produce a weighted moving average.



The general form of the Ehlers Filter calculates the sum of the prices multiplied by the coefficients, divided by the sum of the coefficients over the given sample length. This version uses the change in price over five samples as the value of the coefficient.



Nonlinear Ehlers Filter indicator can be used similarly to a simple moving average. However, it responds to significant price changes with less lag since it uses the momentum to weigh the values in the average.



Formula:

where

momentum5 = 5 bar momentum

momentum5 [j] = the momentum5 j periods ago

price [j] = the price j periods ago

n = calculation time period

 

[Enivid]

Thanks! Do you happen to have a code of this indicator for some other trading platform? It would help greatly.

 

[m@box]

I have search everywhere for many months, I have found none .

 

[Enivid]

OK, I will try to code this indicator in MQL4/5 and will see if it works.

 

[Enivid]

OK, I've found some more details on this indicator and have started working on its MQL code.

Attaching a PDF with detailed explanations of Ehlers Filters here.

 

[Enivid]

I've coded the indicator for MetaTrader 5 but I really don't understand how to use it? Why is it better than EMA? Will it work better in 2 MA cross system?

The indicator is attached here.

 

[m@box]

THANK YOU CHAMP

WOW....!!!!!

you've got the code. very excellent!!!!!

I usually use NEF for finding Price Action and Market Action on E/U pair. These has better performance than EMA.

Next step would be creating MACD like indicator but based on 12,26,9 'NEF'.

BTW could you code for MT4, since my account is limited to MT4 platform.

Heaps of thanks brother.

 

[Enivid]

Sorry but I still don't get it - what's this Ehlers MA advantage over an EMA or LWMA? I've added all the MAs I have to the chart and didn't notice the Ehlers to be much different from others.

 

[m@box]

Sorry but I still don't get it - what's this Ehlers MA advantage over an EMA or LWMA? I've added all the MAs I have to the chart and didn't notice the Ehlers to be much different from others.

what is LWMA, I wouldn't mind to try it. I use to use 10 minute time frame to determine direction, and NEF is faster than EMA.

 

[Enivid]

LWMA - Linear Weighted Moving Average. It's in the default MA in MetaTrader.

By saying that NEF is faster than EMA, what do you mean by "faster"?

 

[m@box]

I would prefer NEF crossing than any xMA crossing, and usually NEF is crossing earlier.

BTW how do I change MQ5 to MQ4. thanks

 

[Enivid]

But early crossing means more false signals, no?

MQ5 is quite different from MQ4. Have to re-code.

 

[ForexNewbie51]

EhlersNonLinearFilter

I think this the one you seek? Let us know how you find it?

 

[m@box]

But early crossing means more false signals, no?

MQ5 is quite different from MQ4. Have to re-code.

I usually place my position according to stochastic RSI. NEF crossing is a little late compared to sRSI. but I like it better than using EMA.

BTW. I tried "time series forecast" and "linear regression indicator" today, but I have no confidence in them.

 

[m@box]

THANK YOU

I think this the one you seek? Let us know how you find it?

excellent. where did you find it? or did you code it yourself.

again thank you very much