The Optimum Predictor was created by John Ehlers
(Rocket Science For Traders pgs
209-210) and this indicator does a pretty good job of predicting major market moves. When the blue line crosses over the red line then this indicator is predicting an upcoming uptrend and when the blue line crosses under the red line then it is predicting an upcoming downtrend. Ehlers
recommends using this indicator with an entire trading system to filter out any bad signals but most of the signals it gives are pretty accurate. He uses advanced
digital signal processing to predict the future prices and uses it in an ema
formula for the calculation. There are several ways to interpret this indicator: you can look for crossovers, you can also look for when the indicator goes above 0 for a general uptrend or below 0 for a general downtrend.
Let me know if there are any other scripts you would like to see me publish!