The Cycle Amplitude was created by John Ehlers (Trend Modes and Cycle Modes) and this indicator wasn't meant to give buy and sell signals by itself but I'm publishing this open source script in case someone comes up with a cool way to use this indicator for buy and sell signals. This indicator essentially tells you the distance between the peaks from the Cycle BandPass Filter and I will be including the last script tomorrow most likely. I'm reusing the same exact buy and sell signals from the cycle bandpass filter so if you have any questions then feel free to refer to the link I posted.
Let me know if there are any other scripts you would like to see me publish!
Pretty much I think the idea of this is to use it as an addition to an oscillators input value to "automagically"-I first head that word from Ehlers- adjust it to the market cycle. This is how I'm more or less using it. It does need some additional multiplication code to scale the output up properly though in many cases depending on the instrument. Thanks for coding this one!
OrcChieftain
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Perhaps, you can measure the distance between the last two peaks and make a projection for when another will occur.
OrcChieftain
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@greenmask9, Here is an example on NZDCHF - just one losing trade But its very theoretical. To test it out would be necessary. Or maybe wait for two different cycles to converge at the roughly similar locatiom.
cheatcountry
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@greenmask9, That is a good idea and I will look into that