TradingView
StockMarketCycles
10 jun 2021 14:06

How to detect the active cycle length? Utbildning

Beskrivning

This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe.

It automatically labels the length of current market high-high and low-low pivots which helps to see cycle harmonics and relations. The output should be used as input setting for almost all technical indicators which require and "length" settings for the calculation. Using this length setting based on the dominant market rhythm will help to ensure better accuracy to your indicators at turning points. The indicators get synced to the beat of the market.

The indicator is available as Public Open Source Script for your own usage:
tradingview.com/script/nzvqcuSh-Detrended-Rhythm-Oscillator-DRO/
Kommentarer
TradingView
Thanks for introducing everyone to your work! We hope it helped others. It's been featured in Editors' Picks!
StockMarketCycles
@TradingView, 🙏 thank you!
Michael_Harding
Nicely Done!
StockMarketCycles
@Michael_Harding, Thank you!
Ether2020
Amazing information about the cycle length. Great idea to tune the oscillators witht this method. Please keep up this great work and thank y
yotek
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Ether2020
gregt2048
@yotek, hello friend
StockMarketCycles
@Ether2020, Thank you!
PaulSparkes
Congratulations explaining your indicator so well. As to the indicator itself, it looks very interesting and not until you included the RSI did I really appreciate its value as a trading tool. Very well done and thanks for sharing!
Mer