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!