The Cycle Indicator is a tool developed to help traders analyze market cycles thanks to a simplified version of the Hurst theory.
This indicator has two functions: - The first one is the plotting of a line that can be used to find the cycle direction and momentum - The second feature is the next-cycle bottom forecaster, useful for estimating the timing of the future pivot low.
This last feature shows graphically the period in which the next low will probably happen, using as a calculation method the timing of the previous lows.
Additionally, the user can choose to extend this time zone or to limit them to the range between the last pivot high and low.
Hi do you have a video as to how this is to be configured ? Can you please share.
OmegaTools
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@PAREAL, Hi! If you want to configure the settings, use the "Measure" tool given by tradingview (the ruler in the left panel once you are on a chart), and then count or measure the number of bars that are in between one low to an other! If you struggle in findings low to measure, you can use a tool called "Fractals" and increase its settings!