indicator · on price · open source
Ehlers Hilbert Trendline
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About
Ehlers Hilbert Trendline — a simple weighted moving sum that approximates the in-phase component of the Hilbert transform. Smoother than a 4-bar SMA, with no lag amplification.
- Overlay the trigger (just the 2-bar projection of price) for entry signals.
- Cheaper to compute than the full Hilbert engine.
Source code
//@version=5
indicator("Ehlers Hilbert Trendline", overlay=true)
src = (high + low) / 2
ht = (4 * src + 3 * src[1] + 2 * src[2] + src[3]) / 10
p_Hilbert_Trendline = plot(ht, "Hilbert Trendline", color=color.blue, linewidth=2)
alertcondition(ta.crossover(close, ht), "Above HT", "Close crossed above the Hilbert trendline")
alertcondition(ta.crossunder(close, ht), "Below HT", "Close crossed below the Hilbert trendline")
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