If you rescale a to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a to the price in order to provide forecast's and highlight market periodic patterns.
length control the period of the , power control the "morphing" amount, if you see for example that the results are going nuts try to increase power, if the results are just the price and the delayed price try to decrease power.
power = 1
power = 100
Those settings might be different depending on which market you are in.
You can do a lot of things with this indicator, use filters as source :
Use the indicator as source for oscillators in order to create cycles indicators :
And certainly many more things
I presented a way to morph a to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin, this can be a scaled / or , its up to you :)
If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things.
Thanks for reading !
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.
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You can also check out some of the indicators I made for luxalgo : https://www.tradingview.com/u/LuxAlgo/#published-scripts