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A few screen shoots of optimization surfaces for Laguerre strategy. Its clear that is quite unstable and not so much profitable. It was applied to AUDJPY 1 min.
One more version of Sinewave is ready. Now it looks as you wish.
I suppose that you try to create something similar to Better Sine Wave.
Hello igorad,
thank you for your modification.
Unfortunately, this indicator repaint`s the dot on the bar after the sinewave crossover. You can see how the bar pushes the dot by looking at the bar changes. Once the bar closes, the line is fixed.
Sinewave Original code using Jurik moving average smoothing or jfatl smoothing
Would someone be able to make a sinewave indicator with either jma or jfatl for smoothing or better still both to compare.
Original code using Jurik moving average smoothing or jfatl smoothing
The Hilbert Sine Wave was developed by John Ehlers and first published in his book "Rocket Science for Traders". The indicator measures cyclical price activity and produces a sine wave plot, as shown in the bottom half of the Emini chart above. Two lines are drawn (blue and red) and crossovers signal cyclical turning points.
What makes this indicator unique is that it distinguishes between cyclical and trending price activity. During periods when the price activity is trending, and not displaying cyclical characteristics, the lines don’t cross and the indicator doesn’t plot the normal sine wave – the lines look "out of synch".
In this way, the Hilbert Sine Wave combines the best characteristics of an oscillator – signaling over-sold and over-bought in a cyclical range – as well as the best characteristics of a moving average – signaling the start and end of a trending move.
My version of the Hilbert Sine Wave (called "Better Sine Wave") plots these cyclical turning points on the price chart. They appear as support and resistance levels – red and white dotted lines on the Emini chart above.
Markets alternate between periods when price is range bound or cycling and periods when price is moving to a new level or trending. Cyclical periods are characterized by price bouncing off support or resistance levels and failed breakouts or "overshoots". Trending periods are characterized by new highs or new lows and pull backs that then continue in the direction of the trend, until exhausted.
Using the Better Sine Wave support and resistance levels, market structure can be defined in the following 5 ways (numbered on the chart above):
1.Cyclical turning points where price bounces off the support and resistance levels almost perfectly (red & white dotted lines)
2."Overshoots" of cyclical turning points where market momentum causes price to exceed a support or resistance level before the cycle resumes (red & white dots)
3.Breakouts from cyclical into trend mode, where an "overshoot" keeps on going and the market makes a strong, directional or trend move (also red & white dots)
4.The trend move loses momentum and pulls back to a cyclical turning point before resuming the trend move ("PB" text auto-plotted on chart), and
5.The trend ends with a final cyclical turn ("END" text auto-plotted on chart).