Hurst FLD's - Future Lines of Demarcation: done today, will be available in build 197
- Barsback (start from how many bars backwards)
- Period (20,40,60 or 80 recommended)
- Source price (close,open,high,low,median,typical,weighted or volume) (median
- Price source timeframe (current one (autodetect checked) or another TF from another
The FLD is calculated by transposing the midpoint of each candle forward in time by half the
length of the cycle degree.
In other terms, the FLD of a particular cycle is calculated by transposing the median price
half the wavelength of the cycle in question into the future.
Simple but powerful concept!
Preview on SPX Weekly chart with period 80:
Preview on BTC Bitcoin Weekly chart with period 80: