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You should view some of his works in MTF, one on top of the other. If you use 3 TF’s, you will see 3 different sine-like “waves” – and watch when they coincide.
Sounds very reasonable. I tried a similar approach by stacking several Ehlers’ Roofing Filters, each one responsible for only one octave in bandwidth, instead of more than 2 octaves which was Ehlers’ default suggestion. I found some coinciding events, but also false signals. Sorry – this is off topic in this thread! If somebody is interested it would make sense to start a new thread. s.
Sampling rate is important in Ehlers MTF, and should be equaly spaced.
Something like M15-M30-H1 (which is x2 spaced), or M15-H1-H4 (which is x4 spaced).
G.
Sampling rate is important in Ehlers MTF, and should be equaly spaced. Something like M15-M30-H1 (which is x2 spaced)
That’s exactly what this kind of Roofing Filter will provide: at 1 octave per filter, spaced by 1 octave each, you will get a similar effect like MTF with timeframes spaced by a factor of 2. Only it is not done by changing sampling rate (TF), but rather by shifting the passband of a bandpass filter from higher to lower octaves and vice versa.
s.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
I have coded an indicator for those who would like to experiment with this method further.
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