Time Series Forecast

The Time Series Forecast uses Linear Regression to calculate a best fit line over a designated time period; this line is then plotted forward a user-defined time period.

Study Type: Overlay

Description

Generally, traders expect price to return back to the Time Series Forecast line when prices have strayed. Therefore, a vague buy signal could occur when price is below the line and a sell signal could occur when price is far above the line. However, how far price needs to vary from the line is very subjective.

Parameters

• Period: (20) - the number of bars, or period, used to calculate the study.
• Forecast: (0)