Indicator · Pine Script v5 · Own pane

John F. Ehlers - Zero Mean Roofing Filter

by palitojendthen

This indicator applies John Ehlers' roofing filter to a chosen price source in a separate pane.

View on GitHub

GitHub stars20on the repository
Pine versionv5runs as is
Lines of code46
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago12 Jul 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

46 lines of Pine Script v5 from indicator/zero_mean_roofing_filter.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

zero_mean_roofing_filter.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © palitoj_endthen

//@version=5
indicator(title = 'John F. Ehlers - Zero Mean Roofing Filter', shorttitle = 'roofing_filter', overlay = false)


// input
hp_period = input.int(defval = 48, title = 'High-Pass Period', group = 'Value', tooltip = 'Determines the High-Pass period, default to 48')
src = input.source(defval = ohlc4, title = 'Source', group = 'Options', tooltip = 'Detmerines the source of input data, default to ohlc4')


// variable
alpha1 = .00
hp = .00
a1 = .00
b1 = .00
c1 = .00
c2 = .00
c3 = .00
filt = .00
filt2 = .00


// roofing filter
// high-pass filter cycling components whose periods are shorter than 48 bars
pi = 2*math.asin(1)
alpha1 := (math.cos(360/hp_period) + math.sin(360/hp_period)-1)/math.cos(360/hp_period)
hp := (1-alpha1/2)*(src-src[1])+(1-alpha1)*nz(hp[1])

// smooth with super smoother filter
a1 := math.exp(-1.414*pi/10)
b1 := 2*a1*math.cos(1.414*180/10)
c2 := b1
c3 := -a1*a1
c1 := 1-c2-c3
filt := c1*(hp+hp[1])/2+c2*nz(filt[1])+c3*nz(filt[2])
filt2 := (1-alpha1/2)*(filt-filt[1])+(1-alpha1)*nz(filt2[1])


// visualize
_color = filt > filt[1] and filt > 0 ? color.green : filt > filt[1] and filt < 0 ? color.new(color.green, 80) : filt < filt[1] and filt > 0 ? color.new(color.red, 80) : color.red
color_con = filt > filt2 ? color.green : color.red
_color_con = filt > filt2
plot(filt, color = _color, linewidth = 3)
hline(0, color = color.gray, linestyle = hline.style_dashed)

Overview

A high-pass stage removes cycles longer than the high-pass period, then a fixed super smoother smooths the result and a second high-pass produces a comparison series. It plots the filtered line around a dashed zero line, coloring it by whether the value is rising or falling and above or below zero. The high-pass period and source are the main settings. It has no trade entries or exits.

Details

Published by

palitojendthen on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Oscillators & momentum

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Topics

indicatortechnical-analysispinescripttrading-algorithms

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
High-Pass Periodint48hp_period
Sourcesourceohlc4src
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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