oh I thouht you were asking about the the McClellan systems. The Cycle indicator can be used on any time frame - one has to know how to use it because at times it won't seem to be following price like you think but once you understand what it is, then it makes sense. Also I find it best to use on multiple time frames. 

The cycle indicator is derived from the Hilbert Sine Wave, which was developed by John Ehlers and first published in his book “Rocket Science for Traders”. The indicator uses an algorithm, originally applied to digital signal processing, that measures the amount of cyclical energy in a stream of data, for example, a stream of market prices. The cycle indicator as it is has an additional component added to it based on price action where a confirming  price candle is required before it will signal the cycle

the cycle indicator can be thought of as an Elliot Wave type of indicator - see the following graphic I made to discuss how it works to identify wave structure

it's the McClellan Oscillator - specific to each index, the advancing issues minus the declining issues. There's an advancing and declining issues for various indexes, obviously not individual stocks