Forecast Angle
We offer you a light Forecast Angle, designed to create adviser or manual trading.
The indicator produces a technical analysis of historical data and displays the most probable direction of price movement. In predicting growth rates angle will be a positive value, and when fall prediction - negative.
The indicator is designed to work on any currency pair and on all timeframes, except MN.
Before you start, or test, you need to download all available history of the currency pair quotes. After loading history on all timeframes (including MN1) is necessary to update the display of quotes history by performing the steps in the screenshot below. Only after the download history, you can download the indicator. If historical data is not enough, the indicator will warn you about this.
Then you must configure the display settings.
Settings:
- MySpread - the parameter for setting the price deviation from the predicted line (for example, for EURUSD 0.0035, which corresponds to 35 points four-digit quotes). This option would eliminate the noise and excessive volatility, which is not interested in the trader. If computer performance is low, it is not recommended to use a value of less than 10 points. Calculation that produces a light, complex and resource-intensive.
- WorkByMySpread - this parameter should be set to true to automatically calculate the value of the spread, or be false in the case of setting MySpread you set.
Visual angle of the line may not match the numeric value as well as the angle calculation is not tied to the scale of the price chart. It explains this phenomenon by the fact that during the formation of the price curve, fit ignores the aspect ratio vertically and horizontally. Therefore, the on-screen graph of the currency pair shows the current value of the angle of inclination of prediction lines for ease of operation - the value of the current price of the instrument sales. Numeric angle value will not change with the possible rescheduling of scale to provide a stable signal to buy or sell.
This is the first version of the indicator. Be sure to consider all requests and responses. Please write comments.
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