Ehlers Distance Coefficient
$0.00
Ehlers Distance Coefficient is a VertexFX trend-following indicator, which provides precise BUY and SELL signals. This indicator has a minimal lag, of approximately 3 bars, which is very useful in detecting start of trends.
(Downloads - 1490)
Ehlers Distance Coefficient is a VertexFX trend-following indicator, which provides precise BUY and SELL signals. This indicator has a minimal lag, of approximately 3 bars, which is very useful in detecting start of trends.
At first we calculate the distance co-efficient – which is the sum of absolute difference between current price and price MOM_PERIOD bars ago, calculated over the LOOKBACK period. This value is weighted once again over the recent MOM_PERIOD bars, to generate the Ehlers Distance Coefficient.
It is similar to an EMA, but is faster with lesser lag and better response to change in trends.
BUY – Place Buy position when indicator color turns Blue. Exit Buy when indicator color turns Red. SELL – Place Sell trade when indicator color turns Red. Exits Sell when indicator color turns Blue.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |