Traders' Tip text
The
FourierSeries indicator by John Ehlers represents market activity based on analysis principles established by J.M. Hurst. It does so by applying a set of band-pass filters.
Install (or update) the
TASCIndicators library to its most-recent version from
our website or using the built-in
Extension Manager. Once you see "Fourier Series" and "Fourier cyclic trading signal" indicators listed under the TASC Magazine Indicators group they're ready for use in Wealth-Lab.
On Figure 1 you can see an example of application of the indicators:
Figure 1. The two new indicators applied to a Daily chart of SPY (data provided by Yahoo).WealthScript Code (C#)
None
Gene Geren (Eugene)
Wealth-Lab team