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The MESA Standard Prediction study answers the question, "Out of all the identifiable level of cyclic activity in the last 30 bars with a wavelength of 10 to 50 bars, what is the strongest sine-wave component, and what does it predict in the next 10?"
It is the basic prediction study. It uses MESA mathematics to measure the strength of all possible cyclic components with wavelengths of 10 to 50 bars, over 30 bars’ worth of history; selects the component with the largest average cyclical movement; combines this with measurements from previous bars to calculate the "dominant" cycle; displays one cycle’s worth of that dominant cycle; and makes a 10-bar prediction into the future. This study is best for general purpose cycle detection.
The Overlay
The MESA Standard Prediction study draws the cycle prediction based on the measured dominant cycle. The MESA Standard Prediction answers the question, "Of all the identifiable levels of cyclic activity in the last 30 bars with a wavelength of 10 to 50 bars, what is the strongest sine-wave component, and what does it predict in the next 10?"
MESA Standard Prediction is the "basic" prediction study. It uses MESA mathematics to measure the strength of all possible cyclic components with wavelengths of 10 to 50 bars, over 30 bars’ worth of history; selects the component with the largest average cyclical movement; combines this with measurements from previous bars to calculate the "dominant" cycle; displays one cycle’s worth of that dominant cycle; and makes a 10-bar prediction into the future. This study is best for general purpose cycle detection.
The prediction uses the trend slope and only the measured dominant cycle phase and amplitude, conforming to a simplified model where the price action is comprised of a trend plus a single cycle. The prediction is carried forward ten bars to the right of the cursor prediction. The prediction is also carried to the left of the cursor position for one full cycle period of the best-fitting, back-tested cycle, allowing you to compare the cycle prediction to the actual price data.
Parameters
The MESA Standard Prediction study has one adjustable parameter, color:
