Get started
OmegaTools

Cycle Indicator

OmegaTools  
Cycles forecasting concept
95
2
cycles forecasting concept
The Cycle Indicator is a tool developed to help traders analyze market cycles thanks to a simplified version of the Hurst theory.

This indicator has two functions:
- The first one is the plotting of a line that can be used to find the cycle direction and momentum
- The second feature is the next-cycle bottom forecaster, useful for estimating the timing of the future pivot low.

This last feature shows graphically the period in which the next low will probably happen, using as a calculation method the timing of the previous lows.

Additionally, the user can choose to extend this time zone or to limit them to the range between the last pivot high and low.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?