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Published:

2018.06.18 16:01

Trend_Component.mq5 (8.48 KB) view

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John Ehlers Trend Component Indicator.

It has three input parameters:

Period - calculation period;
Delta - factor to calculate gamma;
Applied price - price used for calculations.

Calculations:

Trend Component = SMA(2*Period + 1, BP)

where:

BP = 0.5*(1.0 - alpha)*(Price[0] - Price[2]) + beta*(1.0 + alpha)*BP[1] - alpha*BP[2]

alpha = gamma*SQRT(gamma*gamma - 1.0)
gamma = 1.0/COS(4.0*Pi*Delta/Period)
beta = COS(2.0*Pi/Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20878

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