Fourier Extrapolator (Fourier Extrapolator) indicator for the stock exchange
The Fourier Extrapolator is an interpolation method that uses the Fourier transform to estimate function values at points that have not been measured directly.
The method works by expanding the function into a Fourier series and then using this series to estimate the values of the function at points of interest.
This method was used to create the indicator of the same name.
This script attempts to predict further price movement over the next few minutes. It not only determines the current price movement direction, but also independently generates a forecast, which allows you to choose the direction of opening an order.
Fourier Extrapolator is another attempt by developers to create a trend-guessing script; its success can only be verified in practice.
The first thing I'd like to point out is that this indicator takes into account the trend direction depending on the time frame. This is a rather important point, since the price can move in completely opposite directions on different time frames.
One can only hope for the adequacy of the output data and the correctness of the forecast of the further movement of the trend.
After installing the indicator in the terminal, no text data appears on the screen; the trend line simply extends over time, which is the forecast we need.
All necessary settings are in the file archive for download.
The indicator operates based on historical data, so it is advisable to use it in the middle of the working day, when the necessary data for analysis is already available.
The operating algorithm is built taking into account the wave theory, which implies constant price fluctuations within a certain price channel .
Using the Fourier Extrapolator in Trading
The use of the Fourier Extrapolator does not require any special explanation: if your trend line continues downwards, we open sell trades; if it starts to move upwards, we make a purchase.
Testing has shown that this tool delivers more accurate results on shorter timeframes, allowing it to be used exclusively for scalping strategies. On longer timeframes, the forecast often changes direction.
Based on the test results, the tool received a rating of three points , since the accuracy of predictions was quite low . The indicator can be tried using on a minute and five-minute time frame.
