The FLD

Learn about the humble FLD or 'Future Line of Demarcation' - a simple yet powerful Hurstonian staple.

What is the FLD?

Proposed by JM Hurst in the Cycles Course and other work, this simple tool informs traders of several important cyclical factors at work in the market.

The FLD, or Future Line of Demarcation, is a humble tool with no complicated setup or need for intricate indicator configuration! However it is one of the most powerful tools we can use in combination with a full phasing analysis as we examine financial markets from the Hurstonian viewpoint.

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An idealised example of price using sine waves illustrates a summation of 3 components in black. The FLD is shown in purple and is idealised price projected forwards in time by the wavelength of the smallest component here, divided by 2.

An FLD is formed by projecting median price forwards in time by the component’s wavelength, divided by 2. Examples below, based on a daily timeframe:

• To plot a 20 day FLD which has a current average wavelength of 18 days, median price is projected forwards in time by 9 days.

• To plot a 40 da…