Watch the testing video here:
Forex Prediction Indicator
Introduction to the Forex Prediction Indicator
The Forex Prediction is, as the name suggests, a forex indicator that forecasts market trends.
The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs.
This gauge analyses the trend for 7 different timeframes: M1, M5, M15, M30, 1H, 4H, 1D. The Forex Prediction works in real-time measuring the strength between buyers and sellers. When one side is dominating, it will display an adequate arrow on the main chart.
I would say this is a good indicator for determining the overall trend direction of chosen timeframe. Adding a good entry signal indicator would be a wise move.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Forex Prediction indicator in MT4?
Download the Forex Prediction.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Prediction.ex4 or Forex Prediction.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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