The best trend indicator.

There are many different trend indicators, each of them is good in its own way, but basically they all just show the current trend.

The best trend indicator not only displays the existing situation, but also tries to extend the trend line several bars ahead, so to speak, gives a short-term forecast, this is done based on the history of the exchange rate movement on a given time frame.

The work of the script is based on Wave theory and statistical data on the most important minimums and maximums in the selected time period.

After installing the “Best Trend Indicator”, another line will appear on your chart, which repeats the trend line in red and draws the expected price movement, but in orange.

There are not so many settings:

historyDeep - the number of bars (candles) that are taken to analyze the trend, you should not take a very large value; for intraday trading it is enough to set 10-30 bars, although the default is 100.
 
Future - this indicator already refers to the forecast range, that is, how many bars ahead you want to see the estimated price behavior. It is also recommended not to get carried away and set 10-30 bars. The longer the forecast, the less accurate it is.

The tool is quite interesting, but you should not completely rely on its forecast; it would not be amiss to additionally use one more of the trend indicators that you will find in the section " Forex Indicators "

Download " Best Trend Indicator "