John F. Ehlers introuced Super Smoother Filter in Jan, 2014.
Function
In “Predictive And Successful Indicators” in Jan, 2014, John Ehlers describes a new method for smoothing market data while reducing the lag that most other smoothing techniques have. And this is a very popular filter to eliminate noise of market signal.
Key Signal
Filt --> Ehlers Super Smoother Filter fast line Trigger --> Ehlers Super Smoother Filter slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 100th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
100th TV script!! amazing. congratulations & thanks a lot for your numerous contributions
blackcat1402
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@ja88a, enjoy, one last more ;)
Aaronmarksdollar
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Thank you for posting and contributing so much to the site. I've been trying to work with ehler's supersmoothers for a while now, but I just can't get something that works really well. Even in this one if you execute at the close price when there is a buy or sell signal, it doesn't do too well. Does it work better with the trigger being something else? What does work well with it? Thanks