OPEN-SOURCE SCRIPT
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Ehlers Decycler Oscillator [CC]

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The Decycler Oscillator was created by John Ehlers (Cycle Analytics For Traders pgs 43-44) and it is used to show transitions between uptrends and downtrends. If it rises above the 0 line then this means it has transitioned to an uptrend and it falls below the 0 line then it is in a downtrend. Buy if the indicator line is green and sell when it is red.

This was a custom request so let me know if you would like to see more scripts from me or if you want something custom done!
릴리즈 노트
Updated to v5 and added smoothing for clearer signals
릴리즈 노트
Changed script to match other scripts
릴리즈 노트
Removed extra smoothing

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