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
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oh I thouht you were
60 min cycles
Posted by matt on 4th of Dec 2021 at 11:31 pm
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