The "Cycles Master" indicator is a powerful tool designed to reveal cyclical patterns within market trends. It operates with precision, allowing users to adjust cycle lines to the top of prices using the "Multiplication" parameter.
Multiplication: Aligning Cycle Lines The "Multiplication" parameter serves a crucial role in aligning cycle lines with the upper extremes of price action. Increasing this value adjusts the cycles upward, offering a clearer view of cyclical patterns in relation to price peaks.
MA Length: Cycle Frequency Meanwhile, the "MA Length" parameter determines the frequency of cycles displayed on the chart. A shorter length leads to more frequent cycles, capturing shorter-term market fluctuations. In contrast, a longer length smooths out cycles, revealing longer-term trends. Interpreting the Indicator:
Each line represents a unique cyclical variation derived from the chosen moving average type and its parameters. The alignment of these cycles with price peaks assists in spotting potential trend reversals or shifts in market momentum.
Usage Recommendations: Adjust the "Multiplication" value to precisely align cycle lines with price peaks, aiding in accurate identification of cyclic patterns in relation to market highs. Tailor the "MA Length" parameter to capture cycles of varying frequencies, catering to short-term fluctuations or longer-term trends. Complement this indicator with additional analysis tools for a comprehensive market assessment.
Gradient Vertical Box: Cycle Line Colors Located at the middle right of the chart, the gradient vertical box showcases varying colors that correspond to the cycle lines displayed. The colors portray the intensity and diversity of the cycles observed within the market.
Within this gradient vertical box, the top of the gradient is marked with an "H," symbolizing the Highs of cycles, while the bottom displays an "L," signifying the Lows of cycles. This arrangement provides a clear visual reference for interpreting the cycle lines.
Risk Advisory: While the indicator assists in market analysis, it should be used alongside other indicators or analysis methods. It does not guarantee specific market outcomes; hence, traders should practice caution and employ proper risk management strategies.
ملاحظات الأخبار
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ma update
ملاحظات الأخبار
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New visual representation of indicator
Totally changed logic of codes - Now to plot levels, in code used one function `nextLevel()`, with using multiple times of this function inside a plot(), it plots new level with `Step %` defined in settings