Hilbert Transform - Sine Wave (HT_SINE)
An indicator that plots a sine wave and a lead-sine wave (shifted by 45 degrees) to identify cyclical turns.
Usage
Use to identify cycle turning points and trend regimes. When the two waves are separated and rhythmic, the market is in a cycle; when they are compressed or crossover erratically, the market is in a trend.
Background
The Hilbert Sine Wave is one of John Ehlers' most famous contributions. It provides a clear visual indication of market cycles. Crossovers of the Sine and Lead-Sine waves provide high-probability entry points in ranging markets while identifying when a strong trend has taken over. — Rocket Science for Traders
Formula
\[
Sine = \sin(Phase) \\ LeadSine = \sin(Phase + 45^\circ)
\]