Ehlers Leading Indicator [CC] Ribbon

Quoted from Cheatcountry : “The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.”

His original script:

This is a mod of Cheatcountrys script. I put it into a function and plotted several and implemented a tally of all.

Credit to him and John Ehler. Published with permission.

הערות שחרור:

Changed visual default to ribbon.

הערות שחרור:

EXTRA
EXTRA
!!

Adding a switch to switch between coloration logic.

הערות שחרור:

Added clarity