Future Prediction Indicator

Future Prediction Indicator

Future Prediction Indicator For MT4 gives bullish and bearish forex trading signals by projecting the indicator line with a shift.

The Future prediction indicator for MT4 provides the potential future price movement. The indicator shifts the indicator values to the future. Additionally, to provide smooth forex trading signals a moving average is added to the indicator line.

The indicator trading signals are based on the crossover of the signal line and the moving average. However, the indicator repeatedly re calculates and repaints heavily. So, new forex traders should familiarize themselves with using a repainting indicator for technical analysis before using this indicator. Moreover, due to the repainting nature this indicator may not produce best trading results in lower chart time frames.

Future Prediction Indicator For MT4 Trading Signals

The above EURUSD H1 candlestick price chart shows the Future prediction indicator for MT4 in action. The indicator plots a yellow signal line and a white moving average line. Trading the signals of this indicator is based on the crossover of these two lines.

If the yellow signal line crosses above the moving average it indicates a bullish market signal warranting a buy trade. However, a crossover of the yellow line below the moving average line shows a bearish market. So, traders should enter the market with a sell trade. Traders can book profits at an opposite trading signal or once a good risk reward ratio is achieved.

For better results traders should confirm the trading signals with other technical indicators and avoid trading signals from a lower chart time frame.

Conclusion
The Future prediction indicator for MT4 is a good price projection tool. However, traders should apply carefully in technical analysis.