PROTECTED SOURCE SCRIPT
♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms
已更新
♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms
👀 This one was not in the public library yet. Thanks to lazybear for the original Hurst Cycle Channel code, which was used to create this.
📜 Description
In the late 60's a NASA aerospace engineer J.M. Hurst published ‘The Profit Magic of Stock Transaction Timing’. Ironically, his book, by some considered the best book ever written about stock market cycles and swing trading, became available during the deepest and most extended Bear Market since the Great Depression. From 1972 on brokers couldn't give blue chip stock away in a Wall Street lunchroom. There was no market for a book by a stock market timer, and the book became a hidden treasure.
The Oscillator version of channel cycle was not on tradingview yet, so here you go, hope you all enjoy! The Hurst Channels and the Hurst Oscillator, be it combined or separate, can be implemented to uncover turning points in all time frames. Note that the Hurst Oscillator is basically just another presentation of the position of price in the Hurst Channel.
You can use it similar to an RSI looking for divergences. Also similar to a ema fast/short cross strategy when you use the signal line as entry/exit. You can also of course use the overbought/oversold zones as well.
Here is a screenshot with the example of bar coloration:
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join. t.me/cryptorhythms
👀 This one was not in the public library yet. Thanks to lazybear for the original Hurst Cycle Channel code, which was used to create this.
📜 Description
In the late 60's a NASA aerospace engineer J.M. Hurst published ‘The Profit Magic of Stock Transaction Timing’. Ironically, his book, by some considered the best book ever written about stock market cycles and swing trading, became available during the deepest and most extended Bear Market since the Great Depression. From 1972 on brokers couldn't give blue chip stock away in a Wall Street lunchroom. There was no market for a book by a stock market timer, and the book became a hidden treasure.
The Oscillator version of channel cycle was not on tradingview yet, so here you go, hope you all enjoy! The Hurst Channels and the Hurst Oscillator, be it combined or separate, can be implemented to uncover turning points in all time frames. Note that the Hurst Oscillator is basically just another presentation of the position of price in the Hurst Channel.
You can use it similar to an RSI looking for divergences. Also similar to a ema fast/short cross strategy when you use the signal line as entry/exit. You can also of course use the overbought/oversold zones as well.
Here is a screenshot with the example of bar coloration:
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join. t.me/cryptorhythms
版本注释
Version 1.1 introduces automatic divergence detection. Thanks to ricardo santos for his implementation of divergence
版本注释
Minor Update受保护脚本
该脚本是闭源发布的，您可以自由使用它。您可以收藏它以在图表上使用。您无法查看或修改其源代码。
想在图表上使用此脚本？
Twitter - twitter.com/cryptorhythms
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Cryptorhythms Group Chat - t.me/cryptorhythms
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