Tesla Coil is a market cycle oscillator based on digital signal processing concepts from John Ehlers, including Instantaneous Frequency Measurement and In-Phase and Quadrature principles.
Tesla Coil treats price movements as wave frequencies to track cycle periods dynamically over a user-defined scanning range. Plotted in a separate pane, the indicator helps traders visualize dominant cyclic patterns and detect potential market turning points or momentum exhaustion.
Digital signal processing cycle measurement
Cosine Instantaneous Frequency Measurement algorithm
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
src
Scanning Range
int
100
range_1
len2
int
40
len2
tfig
int
50
tfig
cola
color
color.blue
cola
colb
color
#bbd9fb
colb
colc
color
#9575cd
colc
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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