Description
The Correlation Cycle Angle study calculates the phase angle related to the current cycle. When in the cycle mode, the phase angle constantly changes. However, in the trending mode it flatlines. When a flatline portion of the plot starts growing, it may signify the end of the trend mode and the start of the cycle mode.
Note: Consider using this indicator along with the Correlation Cycle Indicator since the latter is specifically designed to be used in the cycle conditions.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The presumed wavelength. |
Plots
| Plot | Description |
|---|---|
CorrelationAngle
|
The phase angle related to the current cycle. |
ZeroLine
|
The zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.