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Old 12-01-2007, 11:46 AM
newdigital newdigital is online now
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The other indicators are here forecasting indicators
Those 2 indicators are based on Neal T. Weintraub 'The Weintraub Daytrader'.
It is small article inside those indicator but it is the better to read original article by Neal T. Weintraub. The author said somewhere that when many people will use this forecasting indicator so this indicator will not predict in right way. But I don't think that many people will use.

Those indicators are part of Paramon trading system (light Paramon system is here ).

How to use those indicators?
In the beginning of trading day (when daily bar is closed right now and new D1 bar is just open) so attach those to indicators to D1 chart. And you will see high/low of the current day and close/open price for the bar for the current day. D1 timeframe.

It is possible to backtest this indicator on the history as you see from the image.
Some people are using this indicator for forecasting of the D1 bar high/low close/open toether with fundamental forex news discussion/analysis.

forecasting3.jpg
Last edited by newdigital; 12-01-2007 at 11:50 AM.
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