Fourier Extrapolator Indicator

MT4 Free Download

Introduction to the Fourier Extrapolator Indicator

The Fourier Extrapolator indicator is a custom forex indicator based on Fourier transforms.

This indicator displays the projected price movement, which is actually the result of the Fourier waves calculation.

The signal is displayed in the form of a curve, which market price is supposed to follow in the nearest future.

Users of that tool are reporting that it tends to work better on lower time frames.

It fits all kinds of timeframes and currency pairs.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Fourier Extrapolator indicator in MT4?

Installation Guide

Download the Fourier Extrapolator.rar archive at the bottom of this post, unpack it, then copy and paste the Fourier Extrapolator.ex4 or Fourier Extrapolator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Fourier Extrapolator indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.