This Indicator plots a single Daily DSP (Detrended Synthetic Price) and a Daily ELI (Ehlers Leading Indicator) using intraday data. Detrended Synthetic Price is a function that is in phase with the dominant cycle of real price data. This one is computed by subtracting a 3 pole Butterworth filter from a 2 Pole Butterworth filter. Ehlers Leading Indicator gives an advanced indication of a cyclic turning point. It is computed by subtracting the simple moving average of the detrended synthetic price from the detrended synthetic price. Buy and Sell signals arise when the ELI indicator crosses over or under the detrended synthetic price. See "MESA and Trading Market Cycles" by John Ehlers pages 64 - 70.
I ported to version 3 and get some different results. They are also different when I create an alert. It seems as if the version 2 repaints into a great result for the backtest but miss out in real time. Is there any way I can see how it will perform in real time on the back test?
HPotter
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@danekstrom, If I understand correctly you should to change line 22 on the xEMA1_EMA2 = xEMA1[1] - xEMA2[1] or use calculate on bar close for strategy settings.
HPotter
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@HPotter, sorry parser of TV remove values. Use xEMA1_EMA2 = xEMA1[ 1 ] - xEMA2[ 1 ]
HPotter
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@HPotter, ah ah... I can`t wrote it )))) [1] parameter in the xEMA1 and xEMA2, you should to take previous value of bar.