Forecasting Indicators

Originally Posted by newdigital

This is old Polynomial Regression indicator.

Explanation of the settings:

• hours - how many hours back (to draw the indicator's line);
• m - regression rate: m = 1 - linear regression; m = 2 - parabolic; m = 3 - cubical
• i - number of the bar (starting from current zero bar) for the right part of the indicator to be attached to. Use red dot to move the indicator's lines to any date but the indicator will be attached to the i-bar by right part.

This is next version of this indicator which is drawing "the future".

parameters:
i0 - how many bars to "the future".

Originally Posted by Chris1303

Yes, that would be great if Igorad could tell us something more about it so that we could understand its pluses and minuses more clearly.

I have also serached for MT4 version but with no results. I see I have to move with the times and install MT5 finally.

Hi Chris,

It looks like something related to the K-nearest neighbors algorithm.
I converted this indicator to the MT4 version, so please check it out.


Attachment 1136



Also you can try to test the Next price predictor using Neural Network of the same author.

Regards,
Igor

Nonlinear Wave Regression Channel

The full description can be found here: On Methods of Technical Analysis and Market Forecasting - MQL4 Articles

Hi Igor,

Thank you very much. I will certainly test those indicators.

Regards,
Chris

Thanks Igor

Originally Posted by newdigital

This is old Polynomial Regression indicator.

Explanation of the settings:

• hours - how many hours back (to draw the indicator's line);
• m - regression rate: m = 1 - linear regression; m = 2 - parabolic; m = 3 - cubical
• i - number of the bar (starting from current zero bar) for the right part of the indicator to be attached to. Use red dot to move the indicator's lines to any date but the indicator will be attached to the i-bar by right part.

Interesting thread, thanks for starting it! I will certainly follow and post my ideas and maybe indicators, when they are ready.

Polynomial regression: I do not believe it make sense to apply methods like polynomial regression or Fourier analysis directy to price series.

I plan something different at the moment: take some considerably smooth input signal (a reliable MA or oscillator) and apply regression methods to the most recent 5 to 10 bars. Choose an appropriate grade (maybe 2, 3, or 4) and this way try to display the next 2 or 3 bars of your input signal. This might work and I'll try to set up an example within the following two weeks or so.

The idea is to predict those magic points (crossings, highs, lows) maybe 2 or 3 bars in advance - nothing more! This could be used for early exits in EAs or similarly.

Would be interested to hear your thoughts about the idea.

cu, simplex

Hi simplex,

This is good idea.

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Anyway - I am continuing uploading some indicators which can be used for forecasting.

This is indicator by KimIV - Regression_Channel with 21 Simple MA with closed price and based on 21SMA and 50 LWMA crossing with some high/low calculation to draw the channel.

This is not real forecasting indicator but anyway - it may be interesting one: this is old HoursChannel indicator fixed by Igorad ( HoursChannel_v1 ). We can upload many channels with different settings on one chart, for example :

Two forecasting indicators from Metaquotes website russian version:

1. DailyLevels indicator: support/resistence for previous day + max/min/middle daily according to Paramon/MaksiGen system.

2. Calculation the future day indicator.
Based on Neal T. Weintraub 'The Weintraub Daytrader'. The full description are insidethe code as small article (in Russian).
As I understand it is forecasting of the support and resistance for the current day.

I mean: those indicators are forecasting in the beginning of the day for whole the current day.

The other interesting indicator with forecasting category is i-Regr (attached), we can read about this indicator using this page.

How to use this indicator? Trade on the direction of the channel from "inside the channel" - it means: buy if the price breaks lower bands and sell for upper bands (on the direction of the channel only).

I just attached 2 indicators on the chart: one with default settings and the other one with kstd = 1