NewCycleTrading

NCTA Cycle Finder Plus

543 views
14
Cycle Finder Plus

The NCTA Cycle Finder Plus indicator is designed to identify for traders an indication of a shift in the market cycle.

When two time periods, such as the 3min and 10min, are paired together, the Cycle Finder Plus provides a strong indication of the near term, directional bias of the underlying equity.

3/10 minute charts are excellent time frames for futures traders.

Options traders will benefit from using the Cycle Finder Plus on a daily chart to identify the probable cycle direction of a stock near the opening of the market.

Cycle Finder Plus can be used on most any timeframe and will present the indication of a market cycle shift based on that timeframe.

The indicator consists of two market trend lines . One is consider the basis, or the current direction of the market cycle. The second is referred to as the Lead which is the leading indicator for a possible shift in the market cycle direction. The indicator also divides the range into zones showing a sell zone and a buy zone.

The Cycle Finder Plus indicator is used by looking for the Lead (blue) trend line to cross over the Basis (red) trend line . This cross is a signal that there is a probable shift in the current cycle of the market.


HOW TO USE: The most effective way to use this indicator is to have it displayed on two time period charts (3min / 10min) and look for alignment between both timeframes.

When the Cycle Finder Plus trend lines are in the sell zone (above red horizontal line) and the Lead (blue line) crosses down, below the Basis (red line), this is a signal to take a short position.

When the Cycle Finder Plus trend lines are in the buy zone (below green horizontal line) and the Lead crosses up (blue line), above the Basis (red line), this is a signal to take a long position.

NQH2020

NASDAQ:AMZN

Don't know where to start? Learn the Art of Trading and access our Adaptive Entry System below.
👇👇👇👇👇👇👇👇👇👇
https://newcycletrading.com/trading-view/
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NewCycleTrading for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Want to use this script on a chart?

Warning: please read before requesting access.