In this brief idea, I'd like to share how to describe BTCUSD cycles on the quarterly timeframe using two new indicators DB ZEMA and DB ZSP RSI.
The settings for these indicators in this idea are both length 2, quarterly timeframe, and no repaint unchecked. Checking no-repaint produces a similar chart with no-repaint and values considered lock on bar OPEN.
In the chart image below we can see the bull cycles highlighted in blue based on the review of the DB ZEMA and DB ZPS RSI indicators.
The chart image below is the DB ZEMA indicator with a length of 2 showing market tops (post May 2013) when the indicator color turns from green to red or when the silver line crosses over the colored line. Market bottoms are displayed when the value crosses below zero and then the silver line crosses over the colored line indicated by a green color.
The chart image below is the DB ZPS RSI indicator with a length of 2 showing market tops (post May 2013) when the indicator reaches a 90+ level a market top is close. When the indicator turns maroon the market top has been detected. Market bottoms are described when the line turns green and an upward value happens or when the value drops below 15.
Using these indicators on the Weekly timeframe with a length of 10 can also show local top and bottoms.
In short, if these indicators correctly describe BTCUSD on the quarterly timeframe. Then we have already entered into the next bull cycle high-timeframe and these indicators can be used to trace overall market cycles without repainting.
The settings for these indicators in this idea are both length 2, quarterly timeframe, and no repaint unchecked. Checking no-repaint produces a similar chart with no-repaint and values considered lock on bar OPEN.
In the chart image below we can see the bull cycles highlighted in blue based on the review of the DB ZEMA and DB ZPS RSI indicators.
The chart image below is the DB ZEMA indicator with a length of 2 showing market tops (post May 2013) when the indicator color turns from green to red or when the silver line crosses over the colored line. Market bottoms are displayed when the value crosses below zero and then the silver line crosses over the colored line indicated by a green color.
The chart image below is the DB ZPS RSI indicator with a length of 2 showing market tops (post May 2013) when the indicator reaches a 90+ level a market top is close. When the indicator turns maroon the market top has been detected. Market bottoms are described when the line turns green and an upward value happens or when the value drops below 15.
Using these indicators on the Weekly timeframe with a length of 10 can also show local top and bottoms.
In short, if these indicators correctly describe BTCUSD on the quarterly timeframe. Then we have already entered into the next bull cycle high-timeframe and these indicators can be used to trace overall market cycles without repainting.