Trend forecast indicator.

Xprofuter is one of the most well-known trend forecast indicators among traders, although the accuracy of the predictions is quite questionable, but perhaps editing the basic settings will change the situation.

The trend forecast indicator, according to the authors who created it, is ahead of the existing trend by 10-12 bars.

The principle of operation is based on creating your own trend line, which is displayed in a separate window and the second line, unlike the first, simply extends the existing trend on the chart.

Download the trend forecast indicator

. The archive contains two script files, XprofuterOverlay - extends the line on the main chart of the currency pair , XprofuterDD - is already displayed in a separate window, which is separated by a zero line.

The indicator does not have many settings that you can easily figure out:

• Period setting - setting the number of bars that will be analyzed, default is 14.
• Forecast time - how long the forecast will be, default is 14, you can reduce the time by making the forecast more accurate.
• The period of the moving average as the main reference point for the indicator.
• Activation of the signal line - set 1 and get an additional line as an assistant in the analysis.
 
The tool itself is quite interesting, but its accuracy is questionable; during testing, I got the impression that the trend forecast indicator works adequately depending on the market situation. Sometimes he really guesses the forex trend , and sometimes his forecast is not even close to the real trend line.