Fourier Predictor Multi-timeframe MT4 Indicator
Fourier Predictor calculates and draws a curve.
This indicator predicts future price direction based on Fourier analysis. It works on all currency pairs for all time frame’s. Fourier Predictor calculates and draws a curve based on the theory of Fourier and predicts the behavior of the curve in the future. The Indicator shows the direction of the curves from different time-frames different timeframes. Fourier Predictor is useful tool for for short term and scalping strategies.
In mathematics, a Fourier series decomposes periodic functions or periodic signals into the sum of a (possibly infinite) set of simple oscillating functions, namely sines and cosines (or complex exponentials). The study of Fourier series is a branch of Fourier analysis. Forex price chart is time series. A time series is a sequence of data points, measured typically at successive points in time spaced at uniform time intervals. Examples of time series are the daily closing value of the Dow Jones index and the annual flow volume of the Nile River at Aswan. Time series are very frequently plotted via line charts. Time series are used in statistics, signal processing, pattern recognition, econometrics, mathematical finance, weather forecasting, earthquake prediction, electroencephalography, control engineering, astronomy, and communications engineering.
Time series analysis comprises methods for analyzing time series data in order to extract meaningful statistics and other characteristics of the data. http://en.wikipedia.org