• Thu. Jan 21st, 2021

DadForex

All about Forex trading

Extrapolator: Price Predicting Indicator

Jan 4, 2021

The Extrapolator indicator uses six extrapolation methods to predict the future price, which allows you to give a very accurate trading forecast.

Extrapolator MT4 indicator

The Extrapolator trading indicator uses several extrapolation methods to predict the future price of a currency pair. The indicator plots a two-color line on the chart, where:

  • blue line – historical price of a currency pair;
  • red line is the predicted future price.

The Extrapolator indicator can use 6 extrapolation methods, which are configured through the Method parameter:

  • Method 1: Extrapolation of Fourier series; frequencies are calculated using the Quinn-Fernandes Algorithm
  • Method 2: Autocorrelation Method
  • Method 3: Weighted Burg Method
  • Method 4: Burg Method with Helme-Nikias weighting function
  • Method 5: Itakura-Saito (geometric) method
  • Method 6: Modified covariance method

Methods 2-6 are linear prediction methods. Linear prediction is based on finding future values ​​as linear functions of the past values.

The Extrapolator trading indicator, due to the use of 6 extrapolation methods, looks like an interesting tool, however, like all predictive indicators, it relies on price history, which does not provide a 100% guarantee that the price will move in the predicted direction.

Features of Extrapolator MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily
  • Currency pairs: any

In Extrapolator.zip file you will find:

  • Extrapolator.ex4

Download Extrapolator MT4 indicator for free: