Ehlers Universal Oscillator [LazyBear]

Universal Oscillator by Mr. Ehlers is an evolution of his SuperSmoother filter. The new indicator follows the swings in price without introducing extra delay.

It is controlled through one single input – the band edge – which basically is frequency. The smaller it is set, the less lag there is, but you may see lot of whipsaws. Built-in automatic gain control normalizes the output to vary between the range of -1 to +1.

Mr. Ehlers suggests a straightforward system:
- Buy when long-term Universal Oscillator crosses above zero
- Sell when long-term Universal Oscillator crosses below zero

I have added options to draw a signal line, histogram and bar coloring. Bar coloring, if enabled, is done using the histogram color, but you can change it easily to signal_cross by uncommenting a line (check the source).

More info:
Whiter is Brighter - Ehlers

List of my other indicators:
- GDoc:
- Chart:

List of my free indicators:
List of my indicators at Appstore:

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。



// @author LazyBear 
// List of all my indicators: 
study("Universal Oscillator [LazyBear]", shorttitle="UNIOSC_LB")
bandedge= input(20, title="BandEdge")
showHisto=input(true, type=bool, title="Show Histogram?")
showMA=input(false, type=bool, title="Show Signal?")
lengthMA=input(9, title="EMA signal length")
enableBarColors=input(false, title="Color Bars?")

whitenoise= (close - close[2])/2
a1= exp(-1.414 * 3.14159 / bandedge)
b1= 2.0*a1 * cos(1.414*180 /bandedge)
c2= b1
c3= -a1 * a1
c1= 1 - c2 - c3
filt= c1 * (whitenoise + nz(whitenoise[1]))/2 + c2*nz(filt[1]) + c3*nz(filt[2])
filt1= iff(cum(1) == 0, 0, iff(cum(1) == 2, c2*nz(filt1[1]),
	iff(cum(1) == 3, c2*nz(filt1[1]) + c3*nz(filt1[2]), filt)))

pk= iff(cum(1) == 2, .0000001,
	iff(abs(filt1) > nz(pk[1]), abs(filt1), 0.991 * nz(pk[1])))
denom= iff(pk==0, -1, pk)
euo=iff(denom == -1, nz(euo[1]), filt1/pk)
euoMA=ema(euo, lengthMA)
plot(showHisto ?euo:na, style=histogram, color=euo>0?green:red, title="Histogram")
plot(euo, color=maroon, linewidth=2, title="EUO")
plot(showMA?euoMA:na, color=teal, title="Signal", linewidth=1)
//Use this if signal cross should be used for barcoloring. 
//barcolor(enableBarColors?(euo>euoMA ? green : red):na)