60 Even Better Sinewave

This indicator measures market cycles and uses a low pass filter to remove noise. Its output is bound signal between -1 and 1 and the maximum length of a detected trend is limited by its length input. It will let you know how long to stay with a trade and it works best with a trend confirmation but it can also work on it’s own fairly well. Buy when the indicator line is green and sell when it is red.

Figure 9.6: Even Better Sinewave