Price Cycler

The Price Cycler indicator calculates the price increment cycles.

The indicator is based on the idea of the reverse harmonic function X = Sin(Y) or the periodicity of price increment sum determined in the specified time range.

For example:

The first extremum of the chart (Low) - 12:00, the second (Low) at 15:00. The increment of the price between the first and the second extremum amounted 1200 pips. Consequently, the third and subsequent extremums of the chart (Low or High), are expected every 1200 pips.

Indicator parameters

• INITIAL CYCLE LINES - Indication settings for the initial range lines (in which the price increment will be determined)
• Visible Lines - Visibility of the lines
• Color Lines - Color of the lines
• Style Lines - Style of the Lines
• Width Lines - Width of the Lines
• CYCLE LINES - Indication settings for the cyclic lines
• Visible Lines - Visibility of the lines
• Color Lines - Color of the lines
• Style Lines - Style of the Lines
• Width Lines - Width of the Lines
• CYCLE COUNTER - Indication settings for the counter of pips in a cycle
• Visible Counter - Counter visibility
• Color Counter - Counter color
• CYCLE END LEVELS - Indication settings for the levels (lines) calculated based on the pips counter.
• Visible Level - Visibility of the lines
• Color Level - Color of the lines
• Style Level - Style of the Lines
• Width Level - Width of the Lines
• Length right Level - Length of the lines to the right

For the indicator to operate, it is necessary to place a trend line to the chart. The indicator calculates the price increment in the range between the coordinate points and starts tracking this increment over time. Completion of the cycle is marked by a vertical line on the chart.

The indicator works on all timeframes and currency pairs.

Attention!

If there are existing trend lines on the chart, the indicator will select the first one.

It is recommended to attach the indicator to a clean chart, and to place the auxiliary trend lines after that.

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