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Auto Cycle Lines

  • #1
  • First Post: Edited Jan 26, 2012 7:00pm Jan 22, 2012 8:25pm | Edited Jan 26, 2012 7:00pm
Looking for somebody that can code automatic cycle lines.

They should be able to:

1. Draw from the high/low of x periods back
2. Change the time-frame they shift from. (ie. if set on 240, cycle lines change every 4 hours)
3. Change color
4. Change lines width
5. Layer more then 1 on a chart
6. Numbers 1-10 on cycle lines starting from the left

Any help would be appreciated.
  • #2
  • Jan 24, 2012 5:24am Jan 24, 2012 5:24am
Picture of cycle lines set from high/low of 90 bars back
Attached Image (click to enlarge)
Click to Enlarge Name: euus.gif Size: 21 KB
  • #3
  • Jan 24, 2012 9:28am Jan 24, 2012 9:28am
That would be in interesting to see when it is done
  • #4
  • Jan 24, 2012 1:42pm Jan 24, 2012 1:42pm
Quoting curtd
That would be in interesting to see when it is done
Yeah, hopefully somebody wants to code it. I don't have time to keep drawing things manually.
  • #5
  • Jan 24, 2012 6:06pm Jan 24, 2012 6:06pm
Here is a simple way to use them. When price approaches a prior supply/demand level and a cycle line, you can anticipate when the peak/trough will possibly occur.
Attached Image (click to enlarge)
Click to Enlarge Name: euus.gif Size: 21 KB
  • #6
  • Jan 26, 2012 12:29pm Jan 26, 2012 12:29pm
I've been searching for something like this as well, haven't really found anything. I would think you'd want it to scan the previous peak/trough to the current one, and draw lines further out, but it would have to "re-paint" pretty frequently, right? instead of having it draw the "cycle line" indicator, maybe it could just draw vertical lines on the right side of the chart, spaced as far apart as the current peak to peak/trough to trough cycle is.....Part of me wants to say you could do this using the Zigzag indicator, but what setting? maybe several zig zag indi's at different settings and some kind of "average" or statistic to choose the best peaks/troughs....Not so sure Zigzag would be a good starting point. Just my 2 cents.
  • #7
  • Jan 26, 2012 12:30pm Jan 26, 2012 12:30pm
you could combine an auto cycle line indi with support/resistance lines and candlestick patterns to find good trade setups...Idea # 2..
  • #8
  • Jan 26, 2012 3:49pm Jan 26, 2012 3:49pm
Quoting macleod77
I've been searching for something like this as well, haven't really found anything. I would think you'd want it to scan the previous peak/trough to the current one, and draw lines further out, but it would have to "re-paint" pretty frequently, right? instead of having it draw the "cycle line" indicator, maybe it could just draw vertical lines on the right side of the chart, spaced as far apart as the current peak to peak/trough to trough cycle is.....Part of me wants to say you could do this using the Zigzag indicator, but what setting? maybe...
It would repaint every time there is a new high/low within x bars back. You could use the zig zag or some type of swing identifier to draw the cycles from, not a bad idea, but I want it done the way I've requested for a reason. As far as using a statistic to choose the best peaks/troughs, I'm not sure there is one.
  • #9
  • Jan 26, 2012 5:31pm Jan 26, 2012 5:31pm
I think this Website does exactly what you are looking for.
www.algocyctra.com
They analyse Cycle-Turning-Points.
Hope this helps.
  • #10
  • Jan 26, 2012 6:03pm Jan 26, 2012 6:03pm
Quoting zackery
I think this Website does exactly what you are looking for.
www.algocyctra.com
They analyse Cycle-Turning-Points.
Hope this helps.
Thanks for the link. Very similar to what I'm talking about. I'm not looking to pay for a service.
  • #11
  • Edited 3:09am Mar 24, 2012 2:44am | Edited 3:09am
Quoting Kas1
Looking for somebody that can code automatic cycle lines.

They should be able to:

1. Draw from the high/low of x periods back
2. Change the time-frame they shift from. (ie. if set on 240, cycle lines change every 4 hours)
3. Change color
4. Change lines width
5. Layer more then 1 on a chart
6. Numbers 1-10 on cycle lines starting from the left

Any help would be appreciated.
I like what the above poster has thought out. In addition I would like is the ability to have vertical lines drawn in-between the main vertical lines that the cycle line draws. It can be an arbritary number that is specified by the user. An example: On the 4 hour chart using time cycle I draw two vertical lines that are seperated by twenty bars The tool is drawn on two points that define the unit interval. I would then have by default or by specifying 3 equidistant vertical lines to be created between those two main time cycle lines. I would then have 20 bars broken up by these subset vertical lines into four blocks of five bars each. I have attached a chart to give an example of what I mean(main cycle line.gif). So instead of having to do all of this manually(Creating Main cycle lines+subset cycle lines+number of bars) it is done all at one go.

Also it would be great if the indicator can calculate automatically how many bars there are between each subset line and the total between each Main Cycle lines without having to manually calculating the bars.

Here is a chart to give an idea:

I am hoping someone can create this indicator as my programming skills are not there yet. Thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: main cycle line.jpg Size: 83 KB
  • #12
  • Last Post: Mar 24, 2012 5:32pm Mar 24, 2012 5:32pm
Quoting FXFar
I like what the above poster has thought out. In addition I would like is the ability to have vertical lines drawn in-between the main vertical lines that the cycle line draws. It can be an arbritary number that is specified by the user. An example: On the 4 hour chart using time cycle I draw two vertical lines that are seperated by twenty bars The tool is drawn on two points that define the unit interval. I would then have by default or by specifying 3 equidistant vertical lines to be created between those two main time cycle lines. I would then...
I've thought of drawing in the sub-cycles between the main cycle lines. The problem is you cant systematically divide and draw the sub-cycles in evenly or in the exact same way.
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