It tells you where we are in the cycle, not where we are going.
The short answer
- What is the Hilbert phase (HT Dominant Cycle Phase)?
- Hilbert phase: the price's position inside the cycle, in degrees.
- When is HT Dominant Cycle Phase wrong?
- Sensitive to noise. See its current reading on the platform's symbols, at the latest daily close, in the "Reading now" table on this page. See its reading now →
Reading now
| Ticker | Value | Five sessions ago | Status |
|---|---|---|---|
| SPY | 159.86 | 247.29 | Lower than five sessions ago |
| QQQ | 196.15 | 221.00 | Lower than five sessions ago |
| IWM | 25.67 | 17.24 | Higher than five sessions ago |
| DIA | 36.02 | 11.25 | Higher than five sessions ago |
A description of where the number sits against its thresholds. It is not an entry or exit signal.
Indicator limit
Sensitive to noise.
Read it with
Stochastic: the phase gives the position in the cycle, and the Stochastic confirms when it is near the peak or the low.
Answers: is it moving in a cycle?
What it actually does
Measuring the cycle phase with the Hilbert transform tells you where we stand inside the current cycle. It is an angle that turns from zero to 360 degrees as each cycle completes. Zero is the theoretical peak of the wave and 180 is its low, like a rotating clock that says how long is left until the next turn.
What it adds beyond cycle length
Cycle length says "the cycle is thirty sessions," and the phase says "we are in its 23rd session," so the expected low is about seven sessions away. The first is calibration and the second is timing: with it, knowing the rhythm moves from tuning tools to anticipating a dated turn.
How it is read in practice
Nobody trades a raw angle. Derivatives are built from it, like the sine wave and its leading copy, and their crossover is the practical translation of the phase. Watching it directly reveals cycle acceleration: a phase turning faster than usual means a cycle being compressed, often just before an event that breaks the rhythm.
Hypothetical example
A cyclical asset has a phase of 270 degrees (the last quarter of the cycle). A cycle trader does not open a bounce position now: the theoretical low is only a quarter-cycle away, and the better entry is at it, not before. The angle turned a vague "soon" into a calculated distance.
Where it errs and why
Angle precision is an illusion in a market with no clean cycle: the number is always computed, even when the rhythm is just noise. And every tool in this family breaks on sudden events that respect no phase.
Read it with
It is not read alone. The environment is classified with the trend strength indicator, confirmed with volume, and placed on the structural levels from the gamma map, since a signal at a dense wall carries more weight than one in open space.
Where to see it on the platform
The technical chart in the members area shows it in its full family on any symbol and timeframe you choose.
