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Ehlers Correlation Trend (TV)
- Categories: Indicator, TradingView
- Tags: Correlation, Ehlers, Trend
- Type: Free
The Ehlers Correlation Trend Indicator for TradingView, developed by John Ehlers, is a technical analysis tool designed to identify market trends by measuring the correlation between the current price and a moving average.
The Ehlers Correlation Trend Indicator, developed by John Ehlers, is a technical analysis tool designed to identify market trends by measuring the correlation between the current price and a moving average. This indicator aims to filter out market noise and highlight the underlying trend direction, providing traders with clearer signals for potential entry and exit points. This is an improved version of the standard Correlation Trend Indicator. Review this for further details. This indicator also employes two curves, the idea was inspired by this post.
Ehlers Correlation Trend Features:
- Two correlation trend curves.
- Option to smooth both curves.
- Polynomial and Fisher smoothing.
- Contains a custom trend detector function to aid in entry and exit points.
Review the screenshots for setup options.
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