♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms

30 thg 12, 2018

♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms

👀 This one was not in the public library yet. Thanks to lazybear for the original Hurst Cycle Channel code, which was used to create this.

📜 Description
In the late 60's a NASA aerospace engineer J.M. Hurst published ‘The Profit Magic of Stock Transaction Timing’. Ironically, his book, by some considered the best book ever written about stock market cycles and swing trading, became available during the deepest and most extended Bear Market since the Great Depression. From 1972 on brokers couldn't give blue chip stock away in a Wall Street lunchroom. There was no market for a book by a stock market timer, and the book became a hidden treasure.

The Oscillator version of channel cycle was not on tradingview yet, so here you go, hope you all enjoy! The Hurst Channels and the Hurst Oscillator, be it combined or separate, can be implemented to uncover turning points in all time frames. Note that the Hurst Oscillator is basically just another presentation of the position of price in the Hurst Channel.

You can use it similar to an RSI looking for divergences. Also similar to a ema fast/short cross strategy when you use the signal line as entry/exit. You can also of course use the overbought/oversold zones as well.

Here is a screenshot with the example of bar coloration:

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9 thg 2, 2019

Phát hành các Ghi chú

Version 1.1 introduces automatic divergence detection.

Thanks to ricardo santos for his implementation of divergence

10 thg 2, 2020

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Minor Update