Corona Cycle Period Indicator

Corona Cycle Period Indicator

Corona Cycle Period Indicator For MT4 identifies the beginning of a forex market cycle using the correlation between market price and its sine and cosine.

The Corona Cycle Period indicator for MT4 identifies the forex market cycles by correlating the price with the sine and cosine waves. A positive correlation indicates a bullish market condition, while a negative correlation shows a bearish market trend. As a result, this indicator identifies if a current uptrend or downtrend is ending or a new market cycle is beginning.

The indicator plots the values with visual interpretation similar to heat signals in a separate indicator window. It is suitable for new and advanced forex traders. Though it works well in all chart time frames, higher time frame signals tend to be more productive.

Corona Cycle Period Indicator For MT4 Trading Signals

The indicator plots a line between values of 5 and 31, for clarity purpose traders can add a mid line level at 17.5. So, any indicator values above 17.5 mid lines are uptrend and below are a downtrend market cycle. If the indicator line crosses the mid line, it indicates the end of current market cycle.

The best trading strategy is to buy and sell once the indicator crosses the mid line. If the indicator moves above the mid line traders can enter a buy trade with a stop below the previous swing low. It is prudent to hold the trades and book profits at an opposite signal of with a good RR. Similarly, traders can enter sell positions if the indicator values move below the mid line.

Conclusion
In summary, the Corona Cycle Period indicator for MT4 applies the sine and cosine calculation mathematically to identify the forex market cycle.