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Time Series Forecast (TSF)
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The Time Series Forecast (TSF) indicator used for predicting of the future price movements. The Time Series Forecast calculation is based on the linear regression algorithm which makes TSF more responsive to the prices than the classic moving averages: the indicator can avoid the lagging effect when adjusting to the price changes. This estimate is based on the trend of the security's prices over a specified period: if the current trend continues, the TFS's value is a forecast of the next period's price.
INPUTS
Price |
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The following data sources are available for the price:
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Input | Description |
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RegressionLength | The number of bars the statistical data is collected for |
ForecastLength | The number of bars the price is predicted for |
PLOTS
The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.
Plot | Description |
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TSF | The Time Series Forecast plot |
Color |
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Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color. To create a custom color:
The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette. |
Weight |
Change the value (in px) to adjust the thickness of the plot. |
Type |
The following plot types are available:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.