The Fourier Extrapolator indicator for Metatrader 4 predicts the possible target price in advance for any given period and pair.
The indicator draws a thick orange line on the chart which forecasts the target price.
The buy and sell rules are very simple:
You should enter a long trade when the Fourier target price is higher than the current price.
Vice versa, you should enter a short trade when the Fourier target price is lower than the current price.
It’s advised to combine the Fourier Extrapolator indicator with other indicators to pinpoint the entry price for best profit.
Just load the Fourier Extrapolator indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- Buy the pair when the target price is higher than the current price.
- Sell the pair when the target price is lower than the current price.
- Based on Fourier analysis.
- Works for any pair and chart.
Feel free to explore the Fourier Extrapolator indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “fourier-extrapolator.ex4” Metatrader 4 indicator
Indicator Chart (EUR/USD H4 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Fourier Extrapolator MT4 Indicator
Buy Signal: Open a buy trade when the Fourier target price is higher than the current price.
Set your stop loss below key support, or use your own favorite stop loss strategy.
Exit the buy trade at the suggested Fourier target price.
Sell Signal: Open a sell trade when the Fourier target price is lower than the current price (see chart example).
Set your stop loss above key resistance, or use your own favorite stop loss strategy.
Exit the sell trade at the suggested Fourier target price.
Download This Forex Indicator Now
Download the “fourier-extrapolator.ex4” MT4 indicator
Adjustable Parameters
Bars, show profit, alert, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: price target
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.