Corona Swing Position indicator
Corona Swing Position indicator is designed to show where the market is within the cycle position since the market by itself does not perform perfect cycles. This becomes possible with correlating the market quotes and sine wave. A smooth waveform as result of this work arises, which lets traders to anticipate the turning points (regions near the minimum and maximum are the strongest). Another puzzle in the world of trading may be solved with this script from “Corona Charts” group presented by John Ehlers. Do not hesitate to test it in your winning strategy.