Chart 4 - The chart below has been  compressed  to  show  more  cycles.  Thehighs and lows of the centered detrend correspond to the highs and  lows  ofthe trading cycle. Most cycle tops occur above the  sell  line  at  .80  andmost cycle bottoms occur below the buy line  at  -.80.   A  rise  above  2.0indicates a top is imminent; a bottom is  ready  to  occur  if  the  detrenddrops below –2.0.
      If you are thinking that this is the indicator for which you have beensearching… there is one problem. Because the centered  detrend  lags  pricesby one-half the length of the cycle, or 10 bars,  the  centered  detrend  isexcellent for showing historical cycles, but cannot be  used  for  real-timetrading.