OPEN-SOURCE SCRIPT
CAP - CSI
CSI is a Digital Signal Processing (DSP) tool based on the principles of Lars von Thienen’s "Dynamic Cycles." Unlike traditional momentum oscillators, the CSI uses a recursive dual-thrust processor to isolate cyclic price action, helping traders identify hidden rhythms in the market rather than just static overbought or oversold levels.
How to Read the Indicator
This script focuses on four primary technical components:
Dynamic Band Pivots: The indicator calculates a "cyclic memory" (default 34 periods) to create high and low bands. When the CSI moves outside these bands and begins to pivot, it signals a potential cycle exhaustion point.
Momentum Slope: The color-coded area fill identifies the direction of the cycle's slope. A change in slope is often the first warning of a cycle peak or trough.
The Zero Line: The zero line acts as the "equilibrium" point. Position relative to zero helps define whether the current cycle is in a bullish or bearish regime.
Multi-Timeframe Analysis (HTF): The script includes an HTF filter (suggested 5x the chart timeframe) to ensure you are trading in the direction of the dominant macro cycle.
Performance & Testing: The "Trending" Challenge
This indicator has been developed and tested primarily on Futures (ES, NQ, RTY) and US Equities.
Important Note on False Signals: While the CSI "nails" turning points during standard cyclic/swing conditions, users should be aware of "phantom" cycles or false signals during strong trending conditions. In a powerful trend, the indicator may signal a cycle peak while price continues to move linearly, leading to premature exhaustion signals. Filtering these "trend-drifts" is the current focus of development.
Community & Collaboration
This script is an ongoing project. I am making it public to find like-minded traders interested in Lars von Thienen’s work to:
Refine the processor logic for better signal-to-noise ratios during impulsive trends.
Discuss the best "Trend Shields" (Volume, HTF, or Volatility filters) to stay in winners longer.
Share specific settings for different asset classes in the Futures and Equity markets.
How to Read the Indicator
This script focuses on four primary technical components:
Dynamic Band Pivots: The indicator calculates a "cyclic memory" (default 34 periods) to create high and low bands. When the CSI moves outside these bands and begins to pivot, it signals a potential cycle exhaustion point.
Momentum Slope: The color-coded area fill identifies the direction of the cycle's slope. A change in slope is often the first warning of a cycle peak or trough.
The Zero Line: The zero line acts as the "equilibrium" point. Position relative to zero helps define whether the current cycle is in a bullish or bearish regime.
Multi-Timeframe Analysis (HTF): The script includes an HTF filter (suggested 5x the chart timeframe) to ensure you are trading in the direction of the dominant macro cycle.
Performance & Testing: The "Trending" Challenge
This indicator has been developed and tested primarily on Futures (ES, NQ, RTY) and US Equities.
Important Note on False Signals: While the CSI "nails" turning points during standard cyclic/swing conditions, users should be aware of "phantom" cycles or false signals during strong trending conditions. In a powerful trend, the indicator may signal a cycle peak while price continues to move linearly, leading to premature exhaustion signals. Filtering these "trend-drifts" is the current focus of development.
Community & Collaboration
This script is an ongoing project. I am making it public to find like-minded traders interested in Lars von Thienen’s work to:
Refine the processor logic for better signal-to-noise ratios during impulsive trends.
Discuss the best "Trend Shields" (Volume, HTF, or Volatility filters) to stay in winners longer.
Share specific settings for different asset classes in the Futures and Equity markets.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.