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RFX5 Trend Forecast

RFX5 Trend Forecast is an indicator to predict the future price trend based on past data. The indicator draws a trend line and upper/lower bands of standard deviation to indicate the forecast of the price using the recent price action in the market. The principle of the indicator is based on linear regression for time series forecast. You can use it on any timeframe and on any asset chart (e.g., Forex).


Inputs

  • Look Back Bars: A positive integer number that indicates the period over which the trend will be estimated.
  • Forecast Bars: A positive integer number that indicates the projection of the prediction in the future.
  • Stddev Multiplier: This value is multiplied to the calculated standard deviation and will appear as upper/lower bands.
  • Applied Price: The calculation will be applied to this type of price.
  • Generate Alert?: If yes, the indicator pops up alert window when price goes above/below the upper/lower band.
  • Mobile Notification?: If yes, the indicator sends mobile notification when price goes above/below the upper/lower band.
  • Email Notification?: If yes, the indicator sends email notification when price goes above/below the upper/lower band.
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