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MagnifyForecasting indicators for MT4

1 by mladen
Forecasting indicators for MT4

Holt's double exponential smoothing indicators ...

Holt's double exponential smoothing with linear forecasting- Double Exponential Smoothing
Like the regression forecast, the double exponential smoothing forecast is based on the assumption of a model consisting of a constant plus a linear trend.

For the purposes of a forecast where the parameters of the model may change, it is more convenient to express the model as a function of, where is the positive displacement from a reference time T.

The estimate a and b at time T are based in the observation at time T and the estimates for the previous period, T -1.

Here we have both the constant and trend coefficients estimated by exponential smoothing. The forecasting parameters, for the constant term and for the trend term can be set independently. Both parameters must be between 0 and 1.

The forecast for the expected value for future periods is the constant plus a linear term that depends on the number of periods into the future.

Do forecasting indicators repaint?

As usual with the forecasting parts, do not use it in signaling mode. The forecasting part is a subject of change and should be used only as an estimation of trend component of the double smoothing, not as signal. Alerts in this indicator are not alerting on the change of the forecast part, but on the change of the "past" part - which is not going to change with time past.
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Lodi

Re: Forecasting indicators for MT4

3 by matfx
i-DRProjections_v1 indicator, The indicator forecasts the current day's price range on the basis of the previous day data. All calculations are based on the book "New Science of Technical Analysis" by Thomas R. DeMark. Available for both Metatrader 4 and Metatrader 5.

Metatrader 4 :
USDCADH1.png
Metatrader 5 :
GBPCADH1.png
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

ChartRe: Forecasting indicators for MT4

6 by shaileshm
Heres something for starting which I found somewhere on net. This is the description according to the website.
Every day trader asks "where are today the price will go?" In this question is the work of a trader. But the creators of the indicator FuturoFX decided to simplify the answer to the above mentioned question and created a tool that draws on the schedule the alleged price movement into several (setup in the indicator) candles advance.

Indicator FuturoFX or analyzes historical data and price movements finds the similar combination with the current market situation. After analyzing all the possible options, the indicator displays on the chart its forecast future behavior of prices in two versions: the arithmetic mean of all the available coincidences in history and most likely further price movement.
The principle of operation of the indicator FuturoFX

Indicator FuturoFX scans last N candles on the chart (Look Back option in the settings indicator), stores them. Then compares this set of N candles with a history of sets finds the the same number of candles and selects only those in which the percentage of "similarity" of 75% or higher (also specified in the settings - parameter Cor Threshold). After this FuturoFX analyzes how price was moving after such sets in the history of candles and displays on the chart of the average price movement of all the options in the form of a red-yellow tunnel. And the most likely price movement with the largest percentage draws yellow bars on the chart
The most accurate prediction of the indicator FuturoFX gives when red-yellow tunnel the averaged options coincides with yellow bars best of them:
FuturoFX can be applied to any asset (currency pairs, indices, metals) and on any timeframe. Since the indicator FuturoFX gives a forecast based on historical data, before installing the indicator on the chart of the asset download for him archive quotations. Just download quotations for M1. To do this, go to Tools/History Center or press F2 in MT4 terminal. Then select the required currency pair quotations "1 Minute" and click on "Download".

FuturoFX indicator can be a good filter for your trading system, or be supplemented by what some additional filters.
Know Thy Setup. Know Thyself.

DownloadRe: Forecasting indicators for MT4

9 by Jimmy
Advanced Forecaster Indicator (fixed 1090 bug display).

PS: Apologies if this belongs in a more appropriate thread Moderators please feel free to move it.

EURUSDDaily.png

Advanced_forecater 2.10 mtf & alerts & envelopes & text 1090fix.mq4 Downloaded 2927 times 14.17 KiB
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Jedidiah, Jarda
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
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