Hurst FLD |
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2022-06-17:

- New indicator: Hurst FLD's - Future Lines of Demarcation

Parameters:

- 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
recommended)

- Price source timeframe (current one (autodetect checked) or another TF from another
opened chart)

Descrption:

The FLD is calculated by transposing the midpoint of each candle forward in time by half the
wave

length of the cycle degree.

In other terms, the FLD of a particular cycle is calculated by transposing the median price
roughly

half the wavelength of the cycle in question into the future.

Simple but powerful concept!