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Webinar: John Ehlers on Indicators for Effective Trading Strategies
It is my pleasure to welcome John Ehlers for a special webinar as part of our 4-year anniversary on nexusfi.com (formerly BMT). The webinar will be on Wednesday, June 12th @ 4:30 PM Eastern US.
Topics include:
- Market Data is Fractal in nature
- Spectral Dilation describes data over the full range of cycles
- Aliasing noise swamps shorter wave data
- Aliasing noise is best removed using a SuperSmoother filter
- Spectral Dilation effects are mitigated by a Roofing filter
- Price turning points must be anticipated for effective trading
- Trading System Performance is best valuated using Monte Carlo
As part of our special 4-year anniversary, we will be giving away (10) autographed copies of "MESA and Trading Market Cycles" by John Ehlers during the webinar. These will be given away during the live presentation.
More on John Ehlers and his new StockSpotter project: StockSpotter
More on nexusfi.com (formerly BMT)'s 4-year anniversary and 15 very special events during June with over $10,000 of prizes:
In just a few days, on June 10th, Big Mike Trading will turn 4 years old!
:partywave:
I am extremely proud of the community and everything that we've worked so hard to accomplish together. To say thanks to everyone for a fantastic 4-years, I have …
I am afraid that the Butterworth and the Super Smoother Filters are not exactly the same. Both of them were presented by John F.Ehlers, but they are bit different.
Below you will find the 2-pole and 3-pole Super Smoother Filter, so you …
@Big Mike: Unfortunately I did not have the time to attend the webinar this evening, although I admire the work of John Ehlers. I am the proud owner of one of his books, and have read many articles he has published in Technical Analysis of Stocks & Commodities. I also recommend to download the technical papers, which can be found on his website:
Exported using NT Version 7.0.1000.2
These are the 2 pole and 3 pole Butterworth Filters, which were described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures". Ported from Easy Language to NinjaTrader.
The chart shows …
Exported using NT version 7.0.1000.11
This is a nonlinear FIR filter based on the work of John F. Ehlers. A short description of the methdology can be found here:
http://www.mesasoftware.com/Papers/Ehlers%20Filters.pdf
The filter follows the …
Exported using NT Version 7.0.1000.11
This is Gaussian Filter, as described by John F. Ehlers in his publication "Gaussian and other Low Lag Filters". The number of poles can be selected between 1 and 4.
The chart shows that the 1 pole filter …
Exported using NT Version 7.0.1000.2
These are the 2 pole and 3 pole Super Smoother Filters, which were described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures". Ported from Easy Language to NinjaTrader.
The chart shows …
The four filters above can be selected as input for Bollinger Bands, Keltner Channels, smoothed Heikin Ashi Bars, the SuperTrend, the GannHiLoActivator and the MACD, see
Exported using NT version 7.0.1000.27
This is a generalized version of the Bollinger Bands with a few options added:
- The midband can be selected from a moving median, a moving mode or 27 different moving averages.
- Midband and channels can …
Exported using NT version 7.0.1000.27
This is a generalized version of the Keltner Channels with a few options added:
- The midband can be selected from a moving median, a moving mode or 27 different moving averages, all of which are calculated …
Exported using NT 7.0.1000.22
Modified Heikin Ashi Bars:
- Option to select between the original Heikin-Ashi bars created by Dan Valcu and the modified Heikin-Ashi bars suggested by Sylvain Vervoort.
- The Heikin-Ashi candles can be smoothed …
Exported using NT Version 7.0.1000.11
This is a new implementation of the TradeStation SuperTrend indicator for NinjaTrader 7. The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John …
The LBR 3/10 oscillator is a MACD built from SMAs. Calculate the difference from a 3-period and a 10-period simple moving average. This is the oscillator line. Then calculate a 16-period simple moving average from the oscillator line. This is the signal …
(not yet in the download section)
I have also used the Distant Coefficient Filter as default option for smoothing the Balance of Power indicator by Igor
Livshin.
I have already reviewed the indicator, as I did not like the simple moving average. I think that the indicator has a better usability, if a different way of smoothing is used. I have therefore added the box with the 27 moving averages to apply to the …
A collection of Ehlers indicators
I have further adapted a set of Ehlers indicators which were coded for NT 6.5 to run with NT 7.0. I am not the author of the code though and cannot guarantee that the indicators have been correctly implemented. The collection includes
Exported using NT Version 7.0.1000.3
This is a collection of various filters by John Ehlers outlined in his books "Rocket Science for Traders" and "Cybernet Analysis for Stocks and Futures".
The following indicators are included:
- Adaptive …
These are the Corona Indicators originally created by John Ehlers.
They are meant to identify cycles in the market and help you determine whether or not the market is currently suitable for trading cycles. They develop the corona at times when the …
Indicators available from the Trader's Tips
And then there are a few indicators that were published in the Trader's Tips of Technical Analysis of Stocks & Commodities, which I have not found in this forum (attached below)
Finally, there is still an unresolved problem relating to the Sinewave Oscillator. The original formula in the book does not work with all instruments, the eSignal formula shown in the book is not a 1:1 translation from the original TradeStation code, and it seems that all adaptions of this indicator to different software packages are variations of the original indicator.
Most of the versions of the Hilbert Sinewave Oscillator, which I have seen are flawed. The formula used by John Ehlers is complex - see his book "Cybernetic Analysis for Stocks and Futures" pp 154,155, and the translation to eSignal by his partner …
All of this adds up to an impressive collection of tools for technical analysis. John Ehlers, thank you very much for your contributions!
John Ehlers described his Roofing filter today in detail. When you have some time available to watch the recording, which I will post shortly, and to code up the indicator, I know it would be helpful to many.
I confess right from the start of this blog that math and I are sworn enemies.
A very large number of people are enfatic with their support of the fibonacci sequence (the golden ratio), Elliott Wave's, Pivot Points, Murrey Math, and value areas/points …