ActivTrades offers to its clients the trading tool SmartForecast.This module is one of the advanced technical analysis tools available in MetaTrader 4. By combining the possibilities of chart tracking and analysis of market trends, this indicator provides the trader with a simple overview of the markets.
SmartForecast automatically calculates both short-term and long-term resistance and support lines. It also shows volatility levels and market trends. Particularly important is the fact that the forecast is provided by a price development scenario with three goals that change in real time.
This tool uses some of the technology SmartTemplate and is already an important indicator for the MetaTrader 4 platform.
SmartForecast gives you three consecutive target prices. Please note that their place on the chart is not an indicator that these prices will be achieved and can be reached at any time.
Price 1 is calculated from short-term resistance lines and support lines. Price 2 is calculated from the long-term resistance line and support line. Price 3 is calculated on the assumption that the price of 2 has been confirmed.
Although the tool's forecast shows the best investment scenarios in the long-term outlook, it can also be used for short-term forecasts.
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