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.
FuturoFX indicator
can be a good filter for your trading system, or be supplemented by what some
additional filters.
futurofx .rar
