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polynomial forecasting indicators


omaron

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omaron...i've seen their video on youtube...this indicator forecasts UP, DOWN and SIDEWAY move in the same time....

 

Oh well... you see.. theoretically that indicator should help you forecast market move. One way or another, we all try to do that when trading. It does not matter if you look at candle patterns, volume profile, harmonic patterns.. you try to anticipate what will happen next based on what happened before. The idea of that indicator, as i see it, is to give you a heads up on the statistical chances of next move. If you have like 80% long, 15% short and 5% sideway, it would make sense to take a long, combined with your other indicators. Or it will keep you from taking a short even though your other indicators said so. The only issue is how accurate it is... how often what it predicts as high chances will also happen.

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Ok, lets see how it works. It takes linear regression and then scan the market for areas with high correlation to current one. Just every NT programmer can code such script in 10-20 minutes with ease. Omaron, this is a scam and it looks strange that you are still bothering with it. Edited by growex
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