Morphed Sine Wave

Introduction

If you rescale a sine wave to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a sine wave to the price in order to provide forecast's and highlight market periodic patterns.

Parameters

length control the period of the sine wave, power control the "morphing" amount, if you see for example that the results are going nuts try to increase power, if the results are just the price and the delayed price try to decrease power.

power = 1

power = 100

Those settings might be different depending on which market you are in.

Various Uses

You can do a lot of things with this indicator, use filters as source :

Use the indicator as source for oscillators in order to create cycles indicators :

And certainly many more things

Conclusion

I presented a way to morph a sine wave to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin, this can be a scaled rsi/stochastic or correlation coefficient, its up to you :)

If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things.

Thanks for reading !

Nota Keluaran:

Support for floats in the power parameter, use floats for BTCUSD

Nota Keluaran:

Fixing some errors