Forecast Commodities indicator

Forecast Commodities indicator

Postby WHS BE-NL » 25 Nov 2016 16:31

forecast.png


Very basic indicator. Complete the fundamental forecast for e.g. Crude Oil at 45 and specify a distance "Differential point", e.g. 1.

Suppose the Crude Oil goes below 45 - 1, then a Buy order will be generated. A profit target can close the position. As soon as the Crude Oil dips again below 44, a position will be opened again. This indicator allow to trade around a price.

3 versions: Forecast_commodities, Forecast_EUR_USD and Forecast_Gold.
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WHS BE-NL
 
Posts: 518
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Re: Forecast Commodities indicator

Postby WHS BE-NL » 25 Nov 2016 17:40

The Forecast Commodities indicator can also be used as a filter. Below an example on the Gold future.

The forecast is 1.250 with a differential 25. So, when the price is higher then 1.250 + 25 = 1.275, the direction is bearish. The filter colours the chart in red.

The short signal is triggered by the MACD. So when the Gold price is above 1.275 and the MACD triggers a sell signal, a short position is opened.

forecast2.png
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WHS BE-NL
 
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Re: Forecast Commodities indicator

Postby WHS BE-NL » 25 Nov 2016 18:08

And a few template studies to be discovered on Oil, Gold and EUR/USD futures.

Copy these templates into the folder DefaultDys, start Nanotrader, open a chart and choose Open / Template Studies and load.
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