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Published:

2018.10.25 17:29

Decycler_Oscillator.mq5 (10.38 KB) view

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Decycler Oscillator indicator is created based on "Decyclers" article by John F. Ehlers in the magazine "Technical Analysis of Stocks & Commodities" (September 2015).

The indicator has three input parameters:

HP period - high-frequency filter period
Coefficient - adjustment ratio (for using two or more oscillators)
Applied price - calculation price

The oscillator eliminates strongly low-frequency components of the Simple Decycler indicator by using the Ehlers Highpass half-period filter and converting the output of the filter into an oscillator.
The oscillator is calculated by counting the ratio of input data of the high-frequency filter to the price and then multiplying by the ratio equal to 1.0 by default