MAM Forecast Indicator

MAM Forecast Indicator

Overview
MAM Forecast is an indicator designed to replace guesswork with probabilities. It generates two adaptive levels—UP and DN—along with probabilities that always sum to 100%, giving you a clear idea of which level price is more likely to reach within the chosen horizon.

Key Features

• Displays UP (upper) and DN (lower) adaptive levels calibrated to market volatility.

• Shows touch probabilities (e.g., 62% vs 38%) for likelihood within the defined horizon.

• Clean, informative HUD indicates symbol, timeframe, bias, spread, and distances to levels.

• Bias labeling (UPTREND, DOWNTREND, CONSOLIDATION) based on simple trend logic or drift.

• Scalable across timeframes with independent rendering so multiple charts stay uncluttered.

• Parameter control includes distance model type, step values, horizon length, price source, and HUD style.

• Designed to support a variety of strategies: trend following, mean reversion, breakout planning, or risk placement based on level probabilities.

Usage Applications

• Use as context for entries/exits—e.g., favour touching side with higher probability.

• Optimise grid or mean reversion placements where touch odds justify them.

• Interpret trend bias and divergence as decision context, not absolute signals.

Input Parameters

• Distance Model: Options include ATR, Pips, or Percentage with adjustable scale.

• Horizon: bars look-ahead window to calculate probabilities.

• Price Source & Scaling: Choose between Bid/Ask/Mid/Last; TF scaling adjusts level widths automatically.

• HUD Display: Options for text-only, boxed panel, or fallback to terminal comments.

Practical Notes

• Tweak StepValue (e.g., 0.5–0.8) for desired sensitivity.

• Adjust Horizon according to timeframe—e.g., 8–20 for M5 scalping, 8–12 for H1 swings.

• Use probabilities as guidance, not as guaranteed triggers.