Sinewave

The Sinewave is a recent indicator, devised by John Ehlers in 1996 and used to highlight whether the stock is trending or in a cycle. The Sine Wave is composed of two graphs, the Sine Wave (green) and the Lead Sine (red), the first measures the phase, the second the phase increased by 45 ° degrees. Together the curves give indications on the state: in defined trend or not in trend. A buy signal occurs when the Sine Wave (green) crosses the Lead Sine (red) at the top, a sale signal when the Sine Wave (green) crosses the Lead Sine (red) at the bottom.