Price Cycle Indicator for MT5

The Price Cycle (PC) indicator is a custom forex oscillator that is used by traders to reveal market cycles in the short and long term periods.

A market cycle is defined by series of repeated patterns and that gauge does pretty well in spotting such patterns.

You can customize these inputs below:

Period – defines the calculation period;

Method – defines the calculation method;

Overbought – defines the overbought level;

Oversold – defines the oversold level.

The formula for the Price Cycle indicator:

The calculations of the Price Cycle indicator are based on the following formula:

PC = MA(Close-Low) / ATR

When the indicator line moves beyond the 1-Day overbought/oversold region and the price gets close to the extreme monthly ranges, we can consider it is time to sell/buy respectively.

How to use the Price Cycle:

When the red signal line goes above the 70 mark, it is a sign of a overbought condition, therefore a bearish reversal is possible and a potential entry point for a sell trade. Similarly, When the red signal line dips below the 30 mark, it is a sign of an oversold condition, therefore a bullish reversal is possible and a potential entry point for a buy trade.

You can even manually spot divergences and apply them in your trading approach.


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