Understanding the Simple Harmonic Index: A Key Indicator for MetaTrader 5

Buy Signal: The SHI line crosses above the zero level, signaling a positive trend. This indicates a bullish cycle, leading to an anticipated price increase.
Sell Signal: Conversely, when the SHI line dips below the centerline, it turns negative, suggesting a potential downturn. This can be a signal to exit or short the market.

Theory:

The Simple Harmonic Index (SHI) is an intriguing indicator inspired by Akram El Sherbini's insightful article titled "Time Cycle Oscillators," published in the IFTA Journal in 2018.

The SHI is grounded in the principles of the simple harmonic equation, providing a unique perspective on market movements.

Usage:

When it comes to trading with the Simple Harmonic Index, the primary strategy revolves around the centerline crossover. Here’s how it works:
Buy Signal: The SHI line crosses above the zero level, signaling a positive trend. This indicates a bullish cycle, leading to an anticipated price increase.
Sell Signal: Conversely, when the SHI line dips below the centerline, it turns negative, suggesting a potential downturn. This can be a signal to exit or short the market.