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TASC 2020-02 | Reflex: A New Zero-Lag Indicator (Ehlers)


Traders' Tip text

The Reflex and Trendflex indicators by John Ehlers present a novel way to achieve zero lag in an averaging indicator. The Reflex indicator synchronizes with the cycle component in the price data. Its companion Trendflex oscillator retains the trend component.

Install (or update) the TASCIndicators library to its most-recent version from our website or using the built-in Extension Manager. Once you see the new 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 Finance).

WealthScript Code (C#)


Gene Geren (Eugene)
Wealth-Lab team

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