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MetaTrader 5 Indicator | CC

31.7.25 0

John Ehlers Cyclic Component Oscillator.

It has two input parameters:

  • Period - calculation period;
  • Applied price - price used for calculations.

Calculations:

Cyclic Component [i] = (HP[i] + 2*HP[i-1] + 2*HP[i-2] + HP[i-3])/6,

where:

HP[i] = (Price[i] - Price[i-1])*(1 + Alpha)/2 + 2*Alpha*HP[i-1],  Alpha = (1 - sin(2*Pi/Period))/cos(2*Pi/Period)

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