The formula for the straight line is:
a + b*t
where a is the initial value of the line, b is the slope of the line, and t is the time of the bar.
Using the a, b coefficients found above we can forecast the next bar's price using the formula:
Pf = a + b*(N+1)
The next bar's forecast should create a leading indicator.
The Next Bar Forecast System is constructed by calculating pf at each bar and plotting it on the price chart. In general what we will be doing is following the plotted curve of pf . When the curve increases by a percentage amount pctup from the previous prior low of the curve we will go long. When the curve falls by the percentage amount pctdn from the previous prior high of the curve we will go short.
Next Bar Forecast System Input Parameters
For TradeStation, Multicharts all of the EasyLanguage strategy and indicator codes are directly importable into your choice of TS9 or MC and are fully disclosed. There are no locks of any kind on the EasyLanguage source code. The C++ DLL code is not disclosed. The Input parameters to the strategy and indicator are changeable and optimizable so that the user can develop his own parameter set on his price series and time frame of interest. Although the system results will give parameters for the intraday or daily futures the system was tested on, the user can easily use this system on any tradeable or on any time frame.
For NeuroShell Trader/DayTrader Pro, the Trading Strategy and Indicators are directly imported into NeuroShell via a special setup exe file and are fully disclosed in the Indicator wizard "MA_KeyTrSys" category and in the Trading Strategy Wizard "MA_KeyTrSys" directory. The C++ DLL code is not disclosed. The Input parameters to the strategy and indicator are changeable and optimizable so that the user can develop his own parameter set on his price series and time frame of interest. Although the system results will give parameters for the intraday or daily futures the system was tested on, the user can easily use this system on any tradeable or on any time frame.
The accompanying page manual consists of:
In addition The Next Bar Forecast system has its exact duplicate in indicator form which is displayable on the price chart, so that the user can visually see how the buy and sell signals occur.
For TradeStation, MultiCharts The Next Bar Forecast System is one of the 9 systems included in the Key Daily &Intraday Trading Systems package. The Key Daily &Intraday Trading Systems package is being offered through Meyers Analytics L.L.C. for $395. Shipping via Email consists of a zip file containing the Manual in Adobe PDF format, ELD file and DLL file.
For NeuroShell Trader/DayTrader Pro, The Next Bar Forecast System is one of the 6 systems included in the Key Daily &Intraday Trading Systems package.. The Key Daily &Intraday Trading Systems package is being offered through Meyers Analytics L.L.C. for $395 . Shipping via Email consists of a zip file containing the Manual in Adobe PDF format and the MA-KeyTrSysSetup.exe setup file.
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