The Hilbert Transform is a technique used to generate inphase and quadrature components of a de-trended real-valued "analytic-like" signal (such as a Price Series) in order to analyze variations of the instantaneous phase and amplitude.. HTDCPhase returns the Hilbert Transform Phase of the Dominant Cycle. The Dominant Cycle Phase lies in the range of 0 to 360 degrees. The DC Phase at a specific bar gives the phase position from 0 to 360 degrees within the current Hilbert Transform Period instantaneously measured at that bar. It is meaningful only during a cyclic period of the analytic signal waveform (price series) being measured. Its transition from 360 degrees to 0 degrees can be used to designate the start of a new cycle. It can also be utilized to signal the start or end of trending or cyclic periods. Departure from a constant rate change of phase is a sensitive way to detect the end of a cycle mode. See the examples.
