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29669

Rating:

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Published:

2011.04.21 08:22

Updated:

2014.04.21 14:55

RDI_ForexForecast.mq4 (12.5 KB) view

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Author:

RDI

Description:

This indicator forecast the future movement of highest and lowest prices depending on similar movement in the past by weighted mean. It calculates squares of difference between current bars and past bars to decide the similarity.

External variables:

BasePeriod --- Number of basement bars to forecast
ForecastPeriod --- Bars to forecast
Samples --- Period to check similarity to current movement
BaseElements --- Number of elements to choose for forecasting

Image:

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RDI_ForexForecast - indicator for MetaTrader 4

Description:

Image: