the cycle indicator is unique, it's not like MACD and RSI and MA's that are all basically  derivatives of the same thing

    The Hilbert Sine Wave 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.

    Markets alternate between periods when price is range bound or cycling and periods when price is moving to a new level or trending. Cyclical periods are characterized by price bouncing off support or resistance levels and failed breakouts or “overshoots”. Trending periods are characterized by new highs or new lows and pull backs (PB) that then continue in the direction of the trend, until exhausted (END).

    In this way, the Hilbert Sine Wave combines the best characteristics of an oscillator: signalling over-sold and over-bought in a cyclical range. As well as the best characteristics of a moving average: signalling the start and end of a trending move.  The cycle indicator can be used to define market structure in any time frame or instrument 

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