The best trend indicator.

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

The best trend indicator doesn't simply display the current situation but also attempts to extend the trend line several bars into the future, providing a short-term forecast, so to speak. This is done based on the historical exchange rate movements over a given time frame.

The script's operation is based on Wave Theory and statistical data on the most important highs and lows over the selected time period.

After installing the "Best Trend Indicator," another line will appear on your chart, repeating the red trend line and plotting the projected price movement in orange.

There aren't many settings:

historyDeep—the number of bars (candles) used for trend analysis. Don't set it too high; for intraday trading, 10-30 bars is sufficient, although the default is 100.
 
Future—this setting refers to the forecast range, meaning how many bars ahead you want to see the projected price behavior. It's also recommended to avoid getting carried away and set it to 10-30 bars. The longer the forecast, the less accurate it becomes.

The tool is quite interesting, but you should not rely entirely on its forecast. It would not be a bad idea to additionally use one of the trend indicators that you will find in the " Forex Indicators "

. Download " The Best Trend Indicator "