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I am playing with this indicators with the Ichimoku settings: 5, 10, 20 which I changed in Ichimoku indicator and in this KijunTenKan+ indicator as well (for M15 timeframe).
And I am using some set of indicator (see the image attached).
If somebody is interested I may post all the set here. But it is my estimation only. Because it is very good to analyze the probability to know where the price will go to. I may analyze it every time. For example, in BrainTrading system we can not analyze anything, just wait for the signals and confirmation. In this set we may know everything about the price and flat (with some probability of course).
It is iTrend indicator converted by Ramdass from MT3 and improved with many variations. I updated this post http://www.forex-tsd.com/3603-post15.html with few other versions (incl this one as on the image).
Is there any data for backtesting to indicate how such predictions are correct ?
Quote:
Originally Posted by newdigital
Two forecasting indicators from Metaquotes website russian version:
1. DailyLevels indicator: support/resistence for previous day + max/min/middle daily according to Paramon system.
2. Calculation the future day indicator.
Based on Neal T. Weintraub 'The Weintraub Daytrader'. The full description are insidethe code as small article (in Russian).
As I understand it is forecasting of the support and resistance for the next day.
Yes, of course. Just attach those 2 indicators to the chart (D1 timeframe).
And indicator from the first post of this hread is interesting as well (and can be backtested on the chart too).
How to use indicators?
Use in the beginning of the day when new daily bar is just opened.
here...
Linear Mode
