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I saw that some were interested in the Bressert
cycle indicators for use in Metastock. Here is my impelmentation of the
cycle 10 indicator; I have been using it for more than one year as part of
explorations. If you want the cycle 5, just substitute 5 for the 10 in the
formulas.
Good luck I find these cycle indicators
helpful.
The below should be installed as a custom
indicator. It can then be used on charts and called for in
explorations.
{double smoothed stochastic 10
period}{demominators defined to eliminate divide by zero
errors}
denom1:= If(HHV(H,10)-LLV(L,10)>0,
HHV(H,10)-LLV(L,10), 1);
P1:= Mov(((C-LLV(L,10))/
denom1)*100,3,E);
denom2 := If(HHV(P1,10)-LLV(P1,10)>0,
HHV(P1,10)-LLV(P1,10), 1);
<FONT face=Arial
size=2>Mov(((P1-LLV(P1,10))/denom2)*100,3,E)
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