Forecast oscillator

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Forecast oscillator

Postby Nikolay.Gekht » Sun Apr 18, 2010 2:50 pm

The forecast oscillator is developed by by Tushar Chande and is an extension of the Time Frame Forecast method.

The formula is:
Forecast Oscillator = Price - Previous Time Series Forecast / Price * 100

Interpretation:
The positive value of the indicator forecasts higher prices. The negative value forecasts the lower prices. Chande also recommends to user 3-day smoothing line as a trigger. When the oscillator falls below or crosses above the trigger line it shows a change of the trend.

forecast.png


Download:
forecast.lua
(1.66 KiB) Downloaded 1321 times

forecast with alert.lua
(12.21 KiB) Downloaded 93 times


The indicator was revised and updated
Nikolay.Gekht
FXCodeBase: Base Builder
 
Posts: 1222
Joined: Wed Dec 16, 2009 6:39 pm
Location: Cary, NC

Re: Forecast oscillator

Postby Apprentice » Sun Dec 25, 2016 7:08 am

Indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 18101
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Forecast oscillator

Postby mulligan » Thu Jan 12, 2017 10:40 am

Would very much like to have an alert on this indicator based on crossing above or below the zero line. Your consideration is appreciated.
mulligan
FXCodeBase: Initiate
 
Posts: 110
Joined: Wed May 16, 2012 4:43 pm

Re: Forecast oscillator

Postby Apprentice » Fri Jan 13, 2017 7:04 am

forecast with alert.lua added.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 18101
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


Return to Custom Indicators

Who is online

Users browsing this forum: Bing [Bot] and 8 guests