The title pretty much sums up what purpose this tool serves. It is NOT an indicator, just a simple sine wave generator. You may use it to attempt to measure cycle periods occurring in the markets using "Wave Length (Bars)" setting in the "Format" panel. Other features include the sine wave phase is shift-able to the left and the right, and there is also an amplitude adjustment as well.
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Color updates mostly, no new functionality added.
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#1 - Provided new look with PSv4.0 #2 - Added 2 bar wavelength #3 - Added percent peak ranges
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Primarily this update includes visualizations of sine wave anatomy in a PSv5 package