The price forecast feature provides short-term projections for each asset based on trend readings and standard deviation. This allows swing traders to quickly assess potential trading strategies for various pairs, commodities, or indices by simply analyzing the chart, helping them make informed decisions on when to enter or exit trades.

how do price forecasts work?

The price forecast feature displays short term projections for each asset, based on the trend reading metric, and standard deviation.

how do we use this to trade?

Swing traders will be able to get an idea of how to trade a pair, commodity or index by simply looking at this chart.

How are price forecasts Calculated on the EdgeFinder?

Price forecasts score calculation

The price forecast feature displays short-term projections for each asset, based on the trend reading metric, and standard deviation. Please note, these are general projections and may adjust as time passes or trends change.

To define trend reading, we use the daily chart and 3 exponential moving averages: the 5-day EMA, 8-day EMA, and 21-day EMA
W = 5 day EMA
X = 8 day EMA
Y = 21 day EMA
Here is our calculation for the trend, in the backend:
=if(and(W2>X2,X2>Y2),2,
if(and(W2<=X2,X2>Y2),1,
if(and(W2=X2,X2=X2,X2

Frequently Asked Questions (FAQs)

View more FAQs here.

What time frames can you use the edgeFinder on?

The EdgeFinder gives directional bias and is not time based. Therefore, there is not a specific time frame that is best for the EdgeFinder.

What assets are included on the EdgeFinder?

Forex Majors:
AUDUSD, NZDUSD, USDZAR, GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD

Forex Minors:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY

Metals:
XAUUSD, PLATINUM, SILVER, COPPER

Energy:
USOIL

Indices:
GER30, US30, SPX500, US10Y, NAS100, JP225, UK100, RUSSELL

Bonds:
US10Y

Is the EdgeFinder realtime?

While the EdgeFinder is not necessarily realtime, it is fully automatic in its data collection. The EdgeFinder uses a variety of data sources and inputs. Most price data updates are on a 15 minute timer, while economic data updates every few hours. COT data updates weekly (as it only releases 1 time per week), and retail sentiment updates every 30 minutes.

Video Tutorials

How To Use The Price Forecast

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LINDEX is a leading financial analysis and trading education company dedicated to empowering traders of all levels. Our team combines extensive market knowledge with cutting-edge technology to provide valuable insights and tools for traders worldwide.

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Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and is not suitable for everyone. You may lose more than you invest. Price and performance data is provided for informational purposes only and is not investment advice. Past performance is not indicative of future results.

There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

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How to use price forecast