X and Y axis based reversal forecasts [Harmony Algo]

för 18 timmar sedanAlmost all indicators work using the Y-axis, they create signal conditions based on the price (Y-axis). Indicators that generate signal conditions based on time, i.e. based on the X-axis, are rare. In this indicator we have tried to generate signals based on both the X and Y axes. The indicator has certain condition or line generation errors, I recommend you to be careful when using it. We developed this indicator to measure swing market cycles based on X and Y axis.

How does it work?

X-axis based signals calculate how many bars a swing is generated on average and overlay the average swing generation time on top of the last swing time to find the future swing point

Y-axis based signals calculate the swing average, the number of times a new swing occurs, and try to predict the future swing point by adding or subtracting this average from the last swing point (using separate swing and average for buy and sell signals).

This indicator was created for testing and research purposes, to observe the impact of time and price-based swing cycles on the market price.