Distance Coefficient Ehlers Filter

Posted by TazaTek on Jul 15th, 2008 in Free Indicators | 280 comments
Distance Coefficient Ehlers Filter

Summary


This is the TradeStation code (ELD and Workspace example) for the Distance Coefficient Ehlers Filter as discussed in John Ehlers book,

Rocket Science for Traders: Digital Signal Processing Applications.

The Distance Coefficent Ehlers Filter is a type of filter in the non-linear FIR (Finite Impulse Response) filter class. This type of filter is great for filtering out pricing data that isn’t stationary. ie, cycling.

Screen Shots

Usage


the Distance Coefficient Ehlers Filter as discussed in John Ehlers book,

Rocket Science for Traders: Digital Signal Processing Applications

can be used similarly to the SMA (Simple Moving Average) or the EMA (Exponential Moving Average). There is more to it than that, but the details are better understood by reading his book. I’ve found the Distance Coefficient Ehlers Filter to be much more responsive than either the Simple Moving Average, or the Exponential Moving Average, but it also has to do with the stationary vs non-stationary response that the stock is undergoing. I really cant do the book justice. Read the book and make a buck :)

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Happy Trading!

  1. View all posts by TazaTek
    TazaTeks website
    About TazaTek
    TazaTek is a leading provider of indicators and strategies for all major trading platforms, including NinjaTrader, TradeStation, eSignal, MetaTrader, MetaStocks and more.

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