The DCP (Dominant Cycle Period)Skyold wrote: Fri Nov 12, 2021 9:13 am Can you please explain what the DC_PERIOD does?
I have seen that the period is automatically changed in TDZ Momenticks. What is the purpose of this?
Thanks in advance.
Skyold
The generated period (and/or length) is the output calculated from the current cycle period which is the approximate amount of days between a current peak or valley and the next peak or valley. The original intention is just for information use only but you may use it according to what it represents for you either as an input length or some other way around (e.g. just like what mrtools have for this tool >>> viewtopic.php?p=1295157500#p1295157500)
This is based on Homodyne Discriminator by John F. Ehlers, Rocket Science for Traders >>> attached below
For further information... you may visit this attached forum >>> app.php/attach/file/3354146
With TDZ or MyRSI with NET variation and the entire v2v trading system tools uses this DCP generated value. And stored the period or length value inside the global variable(s).
The core idea of using the DCP tool on my system as an input length is to move out of the normal norm of manually inputting a parameter period a couple of times in just one currency pair alone or when moving from TF to TF. Using this DCP tool eliminates all those nuisances to speed up your technical analysis at glance. This may look like a repainting issue because it dynamically changes the input length or period and updates the buffer line drawn by the indicator/tool using the generated DCP. But In my point of view, I don't have to be concerned with such... Because one must be more concerned about what's on the right side of the chart/indicator(s) or tool, and what's on the left side of the chart or those Japanese or HA candles and/or price action behavior. Otherwise, if one is more concerned about what's happened on the left side of the indicator that looks always right all time, and that at times may lead us to a misconception.
