If you're looking to enhance your trading strategies, let me introduce you to the Pan PrizMA CD Phase Indicator for MetaTrader 4. This tool builds on the PanPrizMA Sin leverage 72 indicator and offers some unique features that help you calculate both the phase and amplitude of market movements.
The phase is measured in degrees, ranging from 0 to 360, and is represented by the 5th green line (extracted from array 4). Similarly, the opposite phase is also calculated in degrees, from -360 to 0, and is shown by the 6th red line (taken from array 5). For ease of calculations, we often use the antiphase values summed with 360, which effectively adjusts it to the phase level.
The amplitude, calculated with a factor of 1 and displayed by the 9th orange line (derived from array 8), adds another layer of analysis to your trades.
- Averaging via a second or fourth-degree polynomial smooths out the lines, adding inertia and rhythm to your analysis.
- Using a sinusoidal extrapolation near a constant helps you adjust for delays or leads in market movements.
- The phase value serves as a key parameter for wave states, akin to the trigonometric phase or the angle of rotation in a trigonometric plane. This allows you to pinpoint any necessary point in the line, which can serve as a trading signal, streamlining the optimization of your strategies.
- Digitization enables you to establish asymmetric resolution or prohibition intervals during filtering. For instance, you could set a prohibition interval of 90 degrees against the trend, starting from any phase, covering just a quarter of the entire wave period.
If you're interested in exploring the MT5 version, check it out here.
For those looking to dive deeper, you can find more details in the thread titled Difference calculus, examples.
It's worth noting that there are some “crutches” in this indicator that help display the initial lines of the PanPrizMA Sin leverage 72 indicator.
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