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CAT Cycle Trader

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This indicator finds underlying cycles that drive stock prices and identifies main levels of resistance and support in real time

It produces trading signals when a new up or down cycle or when price breaks out over resistance or breaks down under support starting a trending move.
This indicator is solely for informational purposes, shall not be considered a complete trading system, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user’s particular investment needs or objectives.

The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.

CastAway Trader LLC, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.

CastAway Trader LLC reserves the right to un-publish this indicator or change it without any written notice.

Past results are not indicative of future profits.

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v.2 added two alerts "Strong Buy" and "Strong Short"

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v.2 dd. 1-18-2022
The indicator keeps checking conditions of different signals every tick. If you watch 5 min bar or 60 min bar it could happen that price drops under support and the indicator generates sell signal. However, price may recover in couple of minutes later and that bar can be closed on a level over the critical support. In that case you may see signal vanished by the time this bar is closed. That is not repainting. You can either watch how many minutes are left before the real time bar is closed or you can activate in the settings of the indicator option: "Only Show Signals Upon Closed Bar").
If you activate that feature the indicator will not show you signals until after a bar that triggered that signal is not closed.

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New signals have added.
Short PB signals,
Buy PB Signals.
You can activate them in the settings.

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added alerts to signals:
Buy PB
Short PB

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1-25-2022 fixed a bug with names of Short PB and Long PB signals

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added alerts Buy PB and Short PB

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Add options to pick colors of support and colors of signal labels in settings
Added labels colored differently for ex support (previously printed support) and ex resistance (previously printed resistance)

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1-27-2022
Now you pick size of labels in menu
Added a floating label to a trailing stop

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1-27-2022
fixed a bug incorrectly drawing labels with ex-support and ex-resistance

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1/30/2022
changed names of two exit signals to "Exit Strong Buy" and "Exit Strong Short"

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2-01-2022
fixed bug with double plotting ex-support and ex-resistance
added a trendline that can be switched off in the menu "Show Trend Line"

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added text legend showing the symbol name, the interval and the current overall volume pressure calculated on all US stocks up volume vs Down volume. The up down pressure is calculatyed for the overall market regardless of teh symbol you watch and the interval you watch

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6 Feb 2022
Added Volume pressure calculated for NYSE and separately for Nasdaq
You can pick in settings what labels to show in a corner of the chart: Symbol Name, NYSE volume pressure, or Nasdaq volume pressure or all of them.
You can change position of the labels, you can pick the position in settings. It can be Top Right, Bottom Right, or Bottom Left.
You can manually adjust width of the labels in settings.

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14 Feb 2022
(i) "Breakout Signal" changed to "Breakout followed by Retest of the broken resistance" signal
(ii) "Breakdown Signal" changed to "Breakdown followed by Retest of the broken support" signal
(iii) Added Multi TimeFrame EMA 21. Now you can watch EMA 21 from 120 min timeframe on 5 min or 30 min timeframe. You can change the multi timeframe for calculation of the second EMA 21 trendline in the menu

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15 Feb 2022
Added two data cells showing a trading range.
Break over the upper band of the range can ignite a short covering rally.
Break under the lower band can force liquidation sale

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15 Feb 2022
fixed a bug in coloring cells showing the range

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14 March 2022
Added identification of directional bias.
(i) Bullish directional bias
When the algo identifies that bulls overpower bears it starts painting all candles in the dark green color. When the directional bias is bullish all candles are colored in green color and the symbol name is colored in the green color. When the directional bias is bullish every new cyclical support becomes an attractive long setup for an upcoming up cycle with a stop under the cyclical support. When the directional bias is bullish probability for overshot of support is limited.
(i) Bearish directional bias
When the algo identifies that bears overpower bulls it starts painting all candles in the dark red color.
When the directional bias is bearish all candles are colored in red color and the symbol name is colored in the red color. When the directional bias is bearish every new cyclical resistance becomes an attractive short setup for an upcoming down cycle with a stop over the cyclical resistance. When the directional bias is bearish probability for overshot of resistance is limited.

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2 April 2022
Two new types of signals have been added.
The first type of signals is a great way to trade breakouts and breakdowns:
I called that signal Add Short and Add Long.
The Add Short signal (purple labels) gets triggered when bears manage to break under support and then price produces a flat consolidation under broken support.
The Add Long signal (olive labels) gets triggered when bulls manage to break over resistance and then price spend some time consolidating before making another push higher.
The second new type of signals is called "Reload Short" and "Reload Long". The labels are colored in black.
If you want to see alerts for those new signals use the same alerts as for Strong Buy and Strong Sell signals.

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12 May 2022
Improved calculation of the critical support and resistance for a day.
When you activate in menu option "Show Critical Sup & Res" the indicator now plots two horizontal lines, a blue line for the critical support for the day, and a red line for the critical resistance of a day.
That same information is shown in two cells drawn in the upper right corner of the chart: "Sup" - the critical support and "Res" - the critical resistance

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4 June 2022
Added hypothetical Buy 1, Buy 2, Buy 3, Sell 1, Sell 2 and Sell 3 signals.
.
The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.

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5 May 2022
(i) The indicator now plots a directional band. It colors the band in green when the trend points up. It colors the band in red when the trend points down.
You can hide that band by unchecking in the menu: "Show Trend Band"
(ii) you can now switch off Buy1, Buy2, Buy3 or Sell1, Sell2, Sell2 signals in the menu. Simply uncheck "Show Buy / Sell Signals"

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released 12 June 2022
(i) improved Reload Short / Reload Long signals
(ii) improved Add Short / Add Long signals
(iii) added alerts for improved Add Short / Add Long signals
(iv) added alerts for Sell 1 and Buy 1 signals as per request

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Nov 8, 2022
Added volatility band and alerts "Overbought" and "Oversold"

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April 24, 2023
Updated formula of the Trend Channel. The channel changes color based on the prevailing trend.
Every pullback to the Green Trend channel can be considered an attractive Long setup.
Every pullback to the Red Trend channel can be considered an attractive Short setup.

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Published a new version on Dec 10, 2023
Added an algo based on Gann's formulas to forecast potential intraday turning points
This intraday timing forecasting tool works for SPX, NDX, Nifty and DAX on timeframes from 1 min to 20 min

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Jan 19, 2024
This new release of my most powerful Cycle Trader indicator adds a couple of new easy-to-trade signals.
I called those signals the "Night Short" and the "Night Buy"
That type of trading signals is detected at 6-00 PM EST.
The "Night Short" signal fires when:
(i) price closes the regular trading session over the Daily Support, but
(ii) price opens the evening session under the Daily support of the following day.
The "Night Buy" signal fires when:
(i) price closes the regular trading session under the Daily Resistance , but
(ii) price opens the evening session over the Daily Resistance of the following day.
When we get the Night Short setup we should use the Daily Support as a stop for the short.
When we get the Night Buy setup we should use the Daily Resistance as a stop for the long.
Another addition is that now you will see calculated Daily Resistance and Support not only for this current day but also for the following day.

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Released on Jan 20, 2024
Major improvement of the algo!
Added Identification of prevailed trend direction.
It draws red background for a bear trend and green background for a bull trend.

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Updated Jan 27, 2024
Added calculation of a Weekly Trend and Weekly Support / Resistance Band

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updated Feb 22, 2024
fixed a bug with alerts on Strong Buy and Strong Short signals

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update June 1, 2024
Added calculation of the expected weekly support/resistance band for the following week

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30 June 2024
Added calculation of Daily Pivots. They are drawn in black color.