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Ehlers Elegant Oscillator

Ehlers Elegant Oscillator

The Elegant Oscillator was created by John Ehlers (Stocks and Commodities Feb 2022 p.21) The Elegant Oscillator is founded on the idea that price tend to return to “normal”, or average levels of its historical mean. It calculates the inverse Fisher transform of price and then applies the SuperSmoother to filter market noise and create a signal line.
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Manufacturer: nt8indicators
SKU: EEO
Vendor: nt8Indicators
$9.90

The Inverse Fisher Transform is used in the Elegant Oscillator to convert a normalized derivative of a price series to the +/-1 range. The normalization is done by dividing by the square root of the sum of squares, a sort of N-dimensional distance. Using the Inverse Fisher Transform is supposedly a better method than simply clipping the data. The result is smoothed by Ehlers’ ‘SuperSmoother’, a low-lag lowpass filter.

According to Ehlers, its peaks and valleys that exceed a threshold can be used for mean reversion trading.

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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