FX Forecaster

The FX Forecaster provides buy and sell signals based on moving average cross-overs and the OSMA indicator.

The histograms are based upon Fisher transform calculation.

Trading Signals

BUY: Wait for the black and purple bar to appear above the 0 level.
SELL: Wait for the black and purple bar to appear below the 0 level.

Converted from MT4 indicator code by a request in our indicators coding forum.

//PRC_FxForecaster | indicator
//27.03.2018
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

// --- settings 
period=10
MA1period=9
MA2period=45
// --- end of settings 

price=customclose

if barindex>MA2period then
 MaxH = highest[period](high)
 MinL = lowest[period](low)

 Value=0.33*2*((price-MinL)/(MaxH-MinL)-0.5) + 0.67*Value1
 Value=Min(Max(Value,-0.999),0.999)
 Fish=0.5*Log((1+Value)/(1-Value))+0.5*Fish1

 MA1 = average[MA1period](Fish)
 MA2 = weightedaverage[MA2period](MA1)

 Fish1=Fish
 Value1=Value
endif

RETURN MA1 coloured(238,130,238) style(histogram), MA2 coloured(255,255,255,150) style(histogram)

//PRC_FxForecaster | indicator

//27.03.2018

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

// --- settings

period=10

MA1period=9

MA2period=45

// --- end of settings

price=customclose

if barindex>MA2period then

MaxH = highest[period](high)

MinL = lowest[period](low)

Value=0.33*2*((price-MinL)/(MaxH-MinL)-0.5) + 0.67*Value1

Value=Min(Max(Value,-0.999),0.999)

Fish=0.5*Log((1+Value)/(1-Value))+0.5*Fish1

MA1 = average[MA1period](Fish)

MA2 = weightedaverage[MA2period](MA1)

Fish1=Fish

Value1=Value

endif

RETURN MA1 coloured(238,130,238) style(histogram), MA2 coloured(255,255,255,150) style(histogram)

Fisher forecast forex

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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mecon • 03/27/2018 #
I was looking for the “pure” OSMA (moving average of oscillator) from MT4. Does anybody know the code for OSMA?
- Nicolas • 03/27/2018 #
  Please add a request on forums for any MT4 code conversion, thank you.
  Follow these easy steps for any request: https://www.prorealcode.com/topic/free-conversion-mt4-indicators-mql4/

mecon • 03/27/2018 #
I will do so, thank you!
Reply Edit

Anonymous • 03/27/2018 #
@mecon, did you ever get one?

Pierreee That a realy great strategy !!! It's realy profitable in daily trade. I'm gonna put some ...

entony hello timeframe on what works best and how couples ??grazie

111111dw i am running this on the cac 5m time frame but the results are very different from the backt...

Doctrading Hello fesxeurex, It can display both : when it is in formation, and when it has been formed...

the_giorgio Bonjour Doc, Je crois que votre définition du harami est erronée Critères du Harami D...

dfl3tch3r Great screener...Has anyone got code for trade/backtest the next bar breakout (short or long...

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