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Phaztech Adaptive FLD & Target Indicator
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Phaztech Adaptive FLD & Target Indicator
Turning points · An Adaptation of Hurst's FLDA direct implementation of J.M. Hurst's Future Line of Demarcation (FLD). The FLD is simply a moving average of price shifted forward in time by half of its cycle period. That half-cycle displacement turns an ordinary average into a remarkably useful timing and target tool.
Because a real cycle's length is always drifting, a fixed-length FLD would soon fall out of step with the market. This adaptive version takes its length from the bandpass filter's measured dominant cycle, so the FLD re-lengths continuously across the chart to stay matched to the cycle it tracks. A Use_Fixed_Cycles switch lets you lock back to classic, static Hurst-style lengths instead, if you prefer the traditional approach. Each time price crosses the FLD, a price projection is plotted — but treat it as a projection, not an expectation. Historically, bullish projections are often exceeded in strongly rising markets, especially when several FLDs stack up in a cascade, and tend to come up short in falling ones.
What the FLD does
Confirms cycle turns
When price crosses below the FLD it confirms a cycle peak; when price crosses above it, it confirms a cycle trough.
Projects price targets
The interaction between price and its FLD projects future price levels — the "Targets" — giving a "how far," not just a "when," to pair with the timing tools.
Acts as dynamic support / resistance
Because it is shifted into the future, the FLD line frequently behaves as a moving support or resistance level that price respects.
Key inputs
Select_Cycle False
Automatic vs. manual cycle lengths, same as the other tools.
Cycle1 … Cycle7 10 … 640
The seven manual lengths (only active when Select_Cycle is True), same as the other tools.
FLD_Price_Source MidPrice
Which price builds each FLD: High, Low, Close, or MidPrice ((High+Low)⁄2).
Use_Fixed_Cycles False
False = adaptive, bandpass-measured cycle lengths that self-recalibrate. True = locked to fixed nominal cycle lengths.
FLD_All / FLD10d…FLD18m —
Show or hide each individual FLD line, or all of them at once.
Target_All / Target10day…Target18m —
Show or hide the long and short price-target projections per cycle band, or all at once.
Bandwidth 0.3
Filter selectivity — a tested balance of selectivity and strength.
Print_Model True
Prints a one-time reference table of the default cycle lengths for every chart type. Informational only.
LicenseKey ""
Paste the license key you receive at purchase — the indicator won't run without it. Each key activates on up to two devices.
DeactivateThisComputer False
Set True to free up this device's license slot (e.g. before moving to a new machine), then set it back to False.
Where it fits
The FLD is the confirmation half of the workflow. The Diamonds tell you a turn is due; the FLD crossover confirms the turn is happening and the Targets project where the resulting move may reach. Consider adjusting some or all of the nominal cycle lengths to cycle lengths you find from the output of the Spectral Analysis Indicator as an alternative to using the default cycle lengths.
Indicator plots FLDs (forward lines of demarcation) and price projection targets when a price cross of an FLD occurs on same axis as price as plotted.
Check out my Youtube video for more information