PH Cycle Dual
The PH Cycle Dual indicator is inspired by reading Brian J. Millard's book "Channels and Cycles: A Tribute to J. M. Hurst".
- CycleLength - The number of bars to calculate cycle, you can choose 12, 18, 24, 30, 36 etc. For example, on one hour chart for one day cycle (24 hours) the cycle length is 12. If you choose 24 you have 2 days cycle (48 hours).
- Coef - Multiplier number Of the basic cycle, if you choose 2 and CycleLength is 12, your second cycle has 24 CycleLength, if you choose 3 your second cycle has 36 CycleLength.
- Price - You can choose Close or a filter like Median, Typical, etc.
When a cycle line crosses up zero line, this cycle is Bullish.
When a cycle line crosses down zero line, this cycle is Bearish.
Please, never trade without Stop Loss. The best way is to test this indicator before spending money.