Corona Charts

[vegas_trader 10]

After enjoying some indicators posted by fellow traders, i just want to give my participation and bring this interesting indicators created by John Ehlers ; i am still new to this studies but will be nice if someone already advance with the "corona charts" can give us they views.

CORONACHARTS.ELD

CoronaCharts.pdf

[BlowFish 10]

Funky looking charts! Nice. I always have been interested in how to visualise stuff and thought Ehlers spectrum charts (or whatever he calss them) quite novel.

 

Edit found this PDF that might cast some light.

CoronaCharts.pdf

Edited January 26, 2010 by BlowFish

[Zunaa 10]

take out the moving average, no offense, and

it Looks good enough to hang on a wall as a piece of Art.

[Tams 20]

Ehlers is quite a sophisticated numeric analyst.

Most people found his thinking too deep.

You will notice a number of his codes are on this forum.

Most of his codes by themselves do not take you anywhere,

but his bits and pieces are useful to build your own analysis.

[HI_THERE 10]

I haven't used them....but I had to check back: first explanation was in Stocks & Commodities, November 2008. The indicator develops a "corona" near the center of the range signifying that a reversal is not imminent..the amplitude of the cycle wave is unimportant.

 

It apprears to be a hybrid of his "Impulse System," with a high signal-to-noise ratio graphing code.

Edited January 27, 2010 by HI_THERE
misc

[BlowFish 10]

Ehlers is quite a sophisticated numeric analyst.

Most people found his thinking too deep.

You will notice a number of his codes are on this forum.

Most of his codes by themselves do not take you anywhere,

but his bits and pieces are useful to build your own analysis.

 

Not so much deep thinking you just need degree level maths to follow along! Ideally electronic engineering or some discipline that has a strong maths foundation. That or be prepared to put some time and effort learning. His background is signal processing and he applies techniques from that field to financial data series. You are right about the code snipets they are just tools, I wouldn't have a clue how to start using this particular one! Having said that his books do give some ideas how to combine them into trading systems. The key to his stuff is separating the cyclical component (non trending or stationary) from the trending component. Last time I looked he pretty much always used a Hilbert transform for this. Fwiw the systems he sells seem pretty robust over the years they are consistently in the top 10 at futures truth.

[vegas_trader 10]

I give him credit for his work and ideas, for real time performance you can judge for yourself.

http://www.eminiz.com/in/Default.aspx

[brownsfan019 17]

Wonder how long it will take to recoup the current drawdown? Not sure how many would keep trading something that is down over $18k in 1 year.

 

LINK