Hi mrtools,

I need a new indicator based on centered moving average.

I'll try to explain it as well as possible.

The cyclical theory that I know says that the fast centered moving average crosses the slow centered moving average at the halfway of the cycle, so if we measure the distance from the last low/high of the cycle to the price where the centered moving averages crossed we can add/get out this value to the crossover price and see where price theoretically will do its cycle high/low.

I need an indicator that calculates this distance and draw a line (Like the lines of pivot point indicator) at the price target (price where centered moving averages crossed +/- this distance).

To automatically find the low/high of the cycle whence calculate the distance, the indicator calculate the lower/higher price from the date where centered moving averages crossed for the first time to the current cross.

Here the explanation on charts>

At the end the indicator should be so:

I hope this explanation will be usefull for the programmers and for the other traders which want to use this indicator, but pay attention that, as I said before, it repaints!

Thanks.

Lucmat