OPEN-SOURCE SCRIPT

FRAMA (Ehlers true modified calculation)

Updated

Credit goes to Shizaru for the original calculation. I made just a few fixes, so that the calculation is really that of Ehlers.
Fixed H2 and L2 period, fixed w natural logarithm

Release Notes

version=2 to version=4

Release Notes

fixed input(close) that was ignored in the last version

Release Notes

Converted to v5.
Replaced the awkward log w by -4.6, as in the original white paper.
Replaced the dimen by variable assignment, to make the calculation a bit more clear.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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