The PH Cycle 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).
- Price—You can choose Close or a filter like Median, Typical, etc.
When the cycle line crosses up zero line, the cycle is Bullish.
When the cycle line crosses down zero line, the cycle is Bearish.
Please, never trade without Stop Loss. The best way is to test this indicator before spending money.