Fourier
Extrapolator is
dynamic extrapolator based on Fourier transforms. The indicator shows the
projected price movement based on the consistent calculation of the Fourier
waves. This indicator refers to the type of "outrunning", which draws
on the right side of the graph line (default: orange) showing the alleged price
movement in the future.
Hypothesis,
which served as the basis for the creation of this indicator is as follows:
If there are
three waves with the same period of consecutive, there is a high probability of
occurrence of wave number 4.
Characteristics
of Fourier Extrapolator indicator
- Platform: Metatrader4
- Currency pairs: All pairs
- Trading Time: Intraday
- Timeframe: Any
The
calculation algorithm for the indicator:
- Built window series in which the
right edge of the fixed (parameter «shift»), and the left edge of the
consistently reduced (parameter «T») with a period of 1 bar
- Indications of the amplitude
spectrum are made in each window
- In identifying clearly formed
harmonic number 3, it is extended for the period of 1 to the future
- For more accurate prediction of
construction, all found harmonics are summed
- The indicator is calculated only
when it is added on the graph, it is worth protecting from new tics and
bars
- For a more accurate prediction
of need large launch window (setting "T"), but it will take a
long calculation
Fourier
Extrapolator settings:
T - the size of a window, to
start the search
shift - shift relative to the
forecast of zero bar to display the historical forecasts on the graph
showprofit - play balance dynamics for an
imaginary trade by forecast
alert - show periods of harmonics
(sounds an alarm), which form the forecast (default: false)
By
increasing the parameter "T" to a few thousand, the meter of
Fourier Extrapolator reading becomes more accurate, but its
calculation goes much longer than the calculation of the default (1000).
In order to
evaluate the indicator on the history, need setting "shift" be
changed to any positive number other than zero, but in this case the
"projected" indicator properties disappear!
The main
feature of Fourier Extrapolator is that he multicurrency (suitable for any
currency pair). Although this indicator is designed for scalping (M1, M5), it
can also be used to trade intraday. For the medium and long-term trade this
indicator, unfortunately, is not suitable as it requires constant monitoring of
the situation on the market.
Default
Fourier Ekstrapolator configured for scalping.
fourier_extrapolator .rar
