BPNN Predictor: price prediction using neural networks
BPNN Predictor indicator - is an indicator belonging to the category of predictors. The BPNN Predictor indicator uses a neural network with three layers to predict further price behavior.
The BPNN Predictor indicator draws three lines on the price chart:
- red - forecast of the future price;
- black - past opening prices, which were used as expected network outputs during training;
- blue - network outputs obtained by training on given input data.
In addition, the author has implemented another version of the indicator, which uses EMA-smoothing.
Please note, for the full functioning of the indicator it is necessary to install the library file BPNN.dll, which can be found in the archive for downloading.
According to the experts of fortrader.org magazine, before using the BPNN Predictor, it should be thoroughly tested to identify the optimal timeframes and currency pairs. It is not recommended to use the indicator before, during and after the release of important economic news.
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In which folder should the BPNN.dll file be installed?
Good afternoon, in the Libraries folder.