OPEN-SOURCE SCRIPT

Ehlers Smoothed Adaptive Momentum [LazyBear]

Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go...

This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here - bit.ly/1LQaPK8.

Now, about the indicator :)

This smoothed adaptive momentum is straightforward to use (per Ehlers original rules). If it crosses above zero buy the next open, if it crosses below zero sell the next open. Of course, I strongly suggest filtering the signals.

Finally, here's an Ehlers-only chart to help determine where BTC is heading :P

More info:
- Ehlers CG Oscillator:

Ehlers Center of Gravity Oscillator [LazyBear]

- Cybernetic Analysis for Stocks and Futures (Ehlers)

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

--Updated chart--

Here's the chart with barcolors ON (forgot to turn it on in the published one)