Fourier Extrapolator

Fourier Extrapolator: Forecasting Future Prices with the Fourier Method 

Description: The Fourier Extrapolator is a dynamic forecasting tool based on Fourier transforms. This indicator projects future price movements by consistently calculating Fourier waves. It falls under the category of "outrunning" indicators, displaying a line on the right side of the chart (default: green) to show the predicted future price movement. By default, the Fourier Extrapolator is configured for scalping. The underlying hypothesis for this indicator is:

If there are three waves with the same period consecutively, there is a high probability of the occurrence of a fourth wave.

Key Features of Fourier Extrapolator Indicator

• Platform: Metatrader4

• Currency pairs: All pairs 

• Trading Time: Intraday

• Time-frame: Any

The calculation algorithm:

• 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

• The amplitude spectrum indications are made in each window

• If a clearly formed harmonic number 3 is identified, it is extended for a period of 1 into the future

• For a more accurate prediction, all identified harmonics are summed

• The indicator is calculated only when added to the graph and is protected from new ticks and bars

• A larger launch window ("T" setting) results in more accurate predictions but takes longer to calculate
  

Fourier Extrapolator Settings:

T - 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)

Increasing the "T" parameter to a few thousand makes the Fourier Extrapolator's readings more accurate but significantly increases the calculation time compared to the default (1000). To evaluate the indicator on historical data, change the "shift" setting to any positive number other than zero, but note that the "projected" indicator properties will disappear in this case.

The Fourier Extrapolator is multi-currency (suitable for any currency pair). While it is designed for scalping (M1, M5), it can also be used for intraday trading. However, this indicator is not suitable for medium and long-term trading as it requires constant market monitoring.

You may buy this awesome Fourier Extrapolator Indicator just only for 5.25$.

For full access, including codes and parameters, click on Fourier Extrapolator Indicator to purchase it.

RISK DISCLAIMER:

The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.

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