Corona Cycle Period Indicator

The Corona Cycle Period indicator is a spectrum tool which is a measured cycle period over the range from 6 bars to 30 bars. The market is often not so accommodating and very confusing. With this indicator traders may recognize zones where spectrum gets fuzzy, which means the cyclic energy is less concentrated at the dominant cycle and worth to hold trading off. The ideal condition is a thin horizontal yellow line, which denotes a consistent cycle period that is well focused at the dominant cycle. Corona Cycle Period is a part of well known “Corona Charts” group, presented by John Ehlers.