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RFX Daily Range Forecast

RFX Daily Range Forecast employs neural network as function estimator to forecast the range of each trading day. The indicator basically forecasts daily high and low with confidence levels of the forecast values to represent the uncertainty in the prediction. At the open of each daily candle, the neural network outputs the high, low and uncertainty of these two values for the day. These levels can be used by day traders to implement different strategies based on the forecast levels. The indicator also implements different alerts when the market price reaches these levels. The user can disable or enable the alert message being sent to their mobile app, email address or just to the alert pop up window of the MT4 platform. The indicator's buffers are all available for being read from custom Expert Advisors.

Input Parameters

  • Max. Past Days Forecast: The number of past days that the user would like the indicator to show the forecast for.
  • Pop up Alert?: If true, a message will be shown in the alert window of MT4.
  • Send Mobile Notification?: If true, a message will be sent to the mobile app of the user.
  • Send Email Notification?: If true, a message will be sent to the email address of the user.
  • Predicted Daily High: If true, the alert will be triggered when price reached the forecast level of daily high.
  • Predicted Daily Low: If true, the alert will be triggered when price reached the forecast level of daily low.
  • Predicted Daily UB-High: If true, the alert will be triggered when price reached the upper band of the forecast level of daily high.
  • Predicted Daily LB-High: If true, the alert will be triggered when price reached the lower band of the forecast level of daily high.
  • Predicted Daily UB-Low: If true, the alert will be triggered when price reached the upper band of the forecast level of daily low.
  • Predicted Daily LB-Low: If true, the alert will be triggered when price reached the lower band of the forecast level of daily low.
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