I have color coded everything as follows: blue line is the dominant cycle, orange line is the power converted to decibels, and I have marked the other line as red if you should sell or green if you should buy
Let me know if you would like to see me write any other scripts!
Good script! But Ehlers said this should only be used in relation to the decibel (i.e DB > 10 to detect a proper signal) across many lookback periods. That's why I think he used a DFT heatmap so he can look at many periods to determine at which period DB>10. Otherwise he said DFT is not reliable.
seba3Fi
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Good night, my name is Sebastián, and I have graduated as Electronics Engineer several years ago. I would like to share ideas with you because this topic was sounding in my mind as well.
I can explain more in a call, but my guts tell me that:
-Fourier Series and FFT/DFT are good for guessing the "frequencies", but not so good to estimate the equivalent of a "non constant" mean value.
-somehow we need to remove the "DC" value which is also fluctuating, but we could estimate as a straight line, with a growth coefficient. This could be interesting for a short region only after the current values.
please let me know if you have some time to talk. My programming skills are not so good.
Best regards.
Sebastián
MBBT
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Very nice, thank you for sharing this. Interested to backest if you make a strategy.
MeTu2018
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Thx could better be a strategy script
cheatcountry
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@MeTu2018, you want to see a strategy script version of this?