Faytterro Estimator

What is Faytterro Estimator?
This indicator is an advanced moving average.

What it does?
This indicator is both a moving average and at the same time, it predicts the future values that the price may take based on the values it has taken before.

How it does it?
takes the weighted average of data of the selected length (reducing the weight from the middle to the ends). then draws a parabola through the last three values, creating a predicted line.

How to use it?
it is simple to use. You can use it both as a regression to review past prices, and to predict the future value of a price. uptrends are in green and downtrends are in red. color change indicates a possible trend change.

https://www.tradingview.com/x/fzfhc2bj/

發行說明

buy-sell signal added. the signals are not repaint.

發行說明

added strong buy-sell signals

發行說明

alert added.
only the last "lenght" value of the drawing is repaint. There is no repaint on buy-sell signals. Single candle errors may occur if you only select "close" or a different variable as the source. To prevent this, you can make "open" the source part. in this case you will never get a false signal.

發行說明

max lenght increased from 49 to 99.

estimated values are now displayed as dashed lines.

new view: