The Leading Indicator was developed by John Ehlers, as mentioned in his book Cybernetic Analysis For Stocks And Futures (pg 235). True to its name, this indicator is designed to give you early signals that can help you stay ahead of the game. Adjust the alpha values as needed to fit your trading style.
So, how do you use it? Simple! Buy when the indicator line is green and sell when it turns red. It's as straightforward as that!
Now, if you're looking for the version compatible with MetaTrader 4, you won't find it here. But don’t worry! You can grab it, along with the source code, through my Telegram channel. Just head over to my profile and don’t forget to hit subscribe!
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