Any forecasting indicators please post here on this thread.
Use this thread for the discussion about forecasting.
Just for information.
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Any forecasting indicators please post here on this thread.
Use this thread for the discussion about forecasting.
Just for information.
First forecasting indicator is Vanga indicator (attached).
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Second forecasting indicator - FuturoFX (attached).
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Just the other indicator found - Interpolation (MT4 and MT5 versions are attached). Description is on this page:
Attachment 870Quote:
Lagrange's interpolation polynomial is used for the determination of the function on the basis of the given points. In point of fact, the indicator takes the coordinates of the points located between extern int begin and extern int end (marked with the red and blue lines on the chart), and calculates the coordinates of the next points using the Lagrange's interpolation polynomial.
Just found some good forecasting indicator for Metatrader 5 : Price prediction by Nearest Neighbor found by a weighted correlation coefficient.
Indicator is attached (for the description - go to the link).
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Just an example with this indicator.
EURUSD - as we see from screenshot - the price will be inside Ichimoku cloud for the next week:
Attachment 1045
USDCHF - same with EURUSD - price will be inside the cloud
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AUDUSD H4 - we see the reversal to bearish here:
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And very interesting situation for GBPUSD - it will be breakout on D1 timeframe (price will break resistance line from below to above):
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we... we will see next week - it is true or not :)
It looks like it is pretty accurate ;)
EURUSD
slight upward till wednesday and then two bearish candles. Direction predicted correctly.
USDCHF
Direction also predicted correctly, but with a little bit different strength. Anyway, nice uptrend.
AUDUSD
Downward, correction and even stronger downward like predicted.
GBPUSD
In this case real price action is slower than predicted one. I think we should expect price to go up during next week.
Yes, that's right - it is good indicator: I followed AUDUSD and made few trades on right direction. I think - Igorad can tell to us about what is the based on this indicator (how it is calculated for example).
But I did not find any version for MT4 for example (uploaded version is for MT5 only).
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.
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.
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i-DRProjections_v1 indicator for Metatrader 4 and Metatrader 5 (attached).
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.
For Metatrader 4 :
Attachment 1129
For Metatrader 5 :
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This is next version of this indicator which is drawing "the future".Quote:
Originally Posted by newdigital
parameters:
i0 - how many bars to "the future".
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Hi Chris,Quote:
Originally Posted by Chris1303
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
Attachment 1138
Hi Igor,
Thank you very much. I will certainly test those indicators.
Regards,
Chris
Thanks Igor
Interesting thread, thanks for starting it! I will certainly follow and post my ideas and maybe indicators, when they are ready.Quote:
Originally Posted by newdigital
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.
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.
Attachment 1509
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 :
Attachment 1512
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.
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The other interesting indicator with forecasting category is i-Regr (attached), we can read about this indicator using this page.
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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
Name of this indicator is Auto Trend Forecaster. Why forecaster? No idea but anyway - I am posting it here (the rules are simple - blue line is uptrend and red line is downtrend).
Besides, I am uploading EMAPredictive2 indicator on this post.
Attachment 3379
HindsightOracle
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Hello levonisyas, how do we use that indicator please.
Hi Naija Trader,
Right sight shows the possible future of the market.
Only use it ur trading system. Exp. When ur indicators or stratejy looks buy/sell then confirm with this tool.
Here is the 30 minute video
http://www.filedropper.com/advancedindicators2
Quote:
Originally Posted by NaijaTrader
This famous replicator EA. But not working.
Perhaps an idea of making EA.
Only for education
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WmiFor30 forecasting indicator (with the line/text about where to place the trade with tp) :
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Madlen_5_0 Indicator, could be related to forecast to open buy or sell order with target insight. There is comment on left side of chart.
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As I understand - it is something about the following:
- searching TOP and BOTTOM with help of Fibo and support/resistance/trend lines. Yes, good indicator.
for the first time - I was thinking that Mladen indicator :) ... after that I realized that it is Madlen and it is good finally :)
Attachment 3969
Yes when i found it few years ago i am also thinking this is related to Mladen. :). But i don't think Mladen can write russian language as you can see inside the code.
Thank you very very much, love these indicators, been trading with autotrend for a while now, and it is an awesome indicator, thanks a million!!!!!!!!!!!!!!!
Dear Chris, thank you for sharing, i try to bring it to work, but it doenst :-(...any idea...the error n/v is shown, i did all as in description. Thank you for hel. Best wishes Nicole
WmiFor30 indicator from this post and WmiFor indicator (attached) are very god for D1 timeframe :
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It seems they don't work for MT4 Build 610.
It works (for IBFX broker, build 600) - I checked WmiFor, WmiFor30 and Vanga indicators (all of them from this thread) :
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I downloaded a MT4 610 from Metaquotes official website. WmiFor and WmiFor30 can't work on it.
To use indicators on IBFX MT4 platform should be very careful. There are 6 daily bars, but 118 hourly bars per week on their platform. This may result in wrong calculations.
I installed this 610, copied ex4 files of WmiFor and WmiFor30 to C:\Program Files\MetaTrader 4\MQL4\Indicators and it works :
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But if I place ex4 files and compile in 610 so - you are right - it does not work (Vanga indicator works only). So, I am suggesting (for build 610) - use ex4 files from 509 build
Neural Network indicator, but does not work on my MT4 Build 610. Some others may test it.
Thank you. It works now.
I have compiled it with build 509 in case someone need it. Tested on MT4 build 610 the indicator is working. This is temporary solution until someone convert it to new mql4 language.
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