Cycle Period Measurement Indicator

Related: institutional dominant cycle extractor: mastering market regimes with fourier analysis - another powerful indicator for MetaTrader 5 traders.

This indicator measures the periodicity of financial asset price changes.

Also recommended: time closing period indicator - similar indicator with strong performance on MetaTrader 5.

It stores current market cycle values in its indicator buffer, acknowledging that these values are inherently unstable.
The primary use of this indicator is to adapt oscillators to the constantly changing market cycles, transforming them into adaptive indicators.
The concept is inspired by John Ehlers' work, as featured in a November 2002 publication.


Cycle Period Indicator Usage with Other Indicators

To utilize the Cycle Period indicator within other indicator codes, such as the RVI Oscillator, its handle must be declared at the global level.
Subsequently, the Cycle Period indicator handle needs to be obtained within the initialization block of the target indicator (e.g., RVI).
This process allows a new variable, Alpha, which typically serves as an input parameter for averaging ratios, to be transformed into an input variable for the Cycle Period indicator.
The previous `length` input variable should be removed from the input parameters of the target indicator and converted into a local variable within its function.

Array Size Management for Smoothing

The size of arrays used for indicator smoothing is typically determined by a `length` parameter.
However, as this parameter is now dynamic, it is advisable to set the array sizes to accommodate a sufficiently high potential value of this variable.
Observational analysis of indicator charts suggests that this value rarely exceeds 100.
Therefore, setting the array sizes to 100 is a practical approach.

Adaptive Period Calculation

For the current bar, period values should be sourced from the Cycle Period custom indicator buffer instead of the former `length` input parameter.
In this implementation, the last four values from the Cycle Period indicator buffer are used.
A linearly weighted smoothing is applied to these values, and the resulting smoothed value is employed as the smoothing period length.
Finally, the concluding line of the indicator code requires modification to reflect these changes.

Result: Adaptive RVI Oscillator

The integration and modification process results in an adaptive RVI Oscillator.

You may also like: timer for closing periods - excellent alternative for indicator users on MetaTrader 5.

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• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.