Trading indicator Extrapolator: price predictor
Extrapolator trading indicator uses several methods of extrapolation to predict the future price of a currency pair. The indicator plots a two-color line on the chart, where:
- blue color - price currency pair on history;
- red - the predicted future price.
The Extrapolator indicator can use 6 extrapolation methods, which are set up through the Method parameter:
- Method 1: Fourier series extrapolation; frequencies are calculated using the Quinn-Fernandes Algorithm
- Method 2: Autocorrelation Method
- Method 3: Weighted Burg Method
- Method 4: Burg Method with Helme-Nikias weighting function
- Method 5: Itakura-Saito (geometric) method
- Method 6: Modified covariance method
Methods 2-6 are linear prediction methods. Linear prediction is based on finding future values as linear functions of past values.
Extrapolator trading indicatorIt looks interesting enough, but like all predictor indicators it is based on the price history, which does not 100%-guarantee that the price will go in the predicted direction.
Download the Extrapolator trading indicator