Every day trader asks “where are today the price will go?” In
this question is the work of a trader. But the creators of the indicator
FuturoFX decided to simplify the answer to the above mentioned question and
created a tool that draws on the schedule the alleged price movement into
several (setup in the indicator) candles advance.
Indicator FuturoFX or
analyzes historical data and price movements finds the similar combination with
the current market situation. After analyzing all the possible options, the
indicator displays on the chart its forecast future behavior of prices in two
versions: the arithmetic mean of all the available coincidences in history and
most likely further price movement.
The principle
of operation of the indicator FuturoFX
Indicator
FuturoFX scans last N candles on the chart (Look Back option in the settings
indicator), stores them. Then compares this set of N candles with a history of
sets finds the the same number of candles and selects only those in which the
percentage of “similarity” of 75% or higher (also specified in the settings –
parameter Cor Threshold). After this FuturoFX analyzes how price was moving
after such sets in the history of candles and displays on the chart of the
average price movement of all the options in the form of a red-yellow tunnel.
And the most likely price movement with the largest percentage draws yellow
bars on the chart:
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