The Chande Forecast Oscillator developed by Tushar Chande The Forecast
Oscillator plots the percentage difference between the closing price and
the n-period linear regression forecasted price. The oscillator is above
zero when the forecast price is greater than the closing price and less
than zero if it is below.
Beta Peek/Valey based forecast
The idea behind this indicator is to extrapolate a stationary time series and find the peeks of the extrapolated result. The highest and lowest of the extrapolated data represent really precise support and resistance if the data and its extrapolation are barelly equal with an error lower than the average.
When the...
Basic extrapolator for forecast a time-series, all forecasts are mades length periods ahead.
This is not a estimation of the exact price
This should only be used for forecasting direction, dont expect the price to be at the same value of its forecast.
Bias, Mean absolute error, Mean percentage error...etc look useless here, its better to use...
update: added weekly and monthly pivots, the offset is a average approximation so there may be inconsistency on the date forecasted to be end of week/month.
(using diferent sessions or limited time intervals is not possible).
![EURUSD: [RS]Shifted Pivots V1](https://s3.tradingview.com/o/oRJFWVw5_mid.png "[RS]Shifted Pivots V1")
