Ehlers Undersampled Double Moving Average Indicator [CC]

The Undersampled Double Moving Average was created by John Ehlers (Stocks and Commodities April 2023), and this is a double moving average system which is pretty rare for John Ehlers. For those of you who would like my other take on an Ehlers double moving average, be sure to check out my previous Ehlers double moving average script. He came up with a unique idea for this indicator to create a moving average using a sample of the price data. For example, we use his suggested length of 5 only to use the price data every 5 bars. Feel free to change this, and please let me know if you find a length that works better. He then smooths the indicator using the Hann Windowed Moving Average. I color-coded the lines to show stronger signals in darker colors or standard signals in lighter colors. Buy when the line turns green and sell when it turns red.

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