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)