cycleProjectorXT
cycleProjectorXT provides the same basic functionality as the regular cycleProjector indicator, so please refer to the cycleProjector topic for overview and general usage information. cycleProjectorXT, however, performs a much more in-depth cycle analysis of the price data and, as such, can often provide a much more accurate projection. The impact of the additional analysis is that cycleProjectorXT takes more time to perform its function and may not be suitable for use in all situations.
If you trade on short intraday intervals (e.g., 5-min or less) you will probably be better served by the standard cycleProjector. When using longer intervals you should at least experiment with cycleProjectorXT as it may provide better results.
Note that because of the different approach taken in the analysis phase, cycleProjectorXT will sometimes identify cycles that cycleProjector will not.Typically, the two indicators will be in agreement but there will be times when cycleProjectorXT, because of the additional detail that it uncovers, will present a significantly different projection.
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