Hey there, fellow traders! Today, let’s dive into the Roofing Filter Indicator, a nifty tool created by John Ehlers, which you can find detailed in his book, Cycle Analytics for Traders. This indicator is a game-changer when it comes to identifying short-term trends.
So, how does it work? When the indicator crosses above its signal line, it’s a signal for a short-term uptrend. Conversely, when it dips below the signal line, it indicates a short-term downtrend. Simple, right?
Here’s the golden rule: buy when the indicator line is green and sell when it turns red. It’s as straightforward as that!
Give it a shot in your trading strategy and see how it performs. Happy trading!
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