The Forecast Oscillator compares actual price with the value returned by the Time Series Forecast study. It is calculated as percentage ratio of the difference between the Close price and previous bar's Time Series Forecast value to the Close price.

Positive values of the oscillator suggest that price has been underestimated by Time Series Forecast, and negative values indicate that actual price is lower than the predicted one. The main study plot is accompanied with SMA to look for oscillator reversals.


Input Parameters

Parameter Description
length The number of bars used to calculate the Time Series Forecast value.
signal ma The number of bars used to calculate the average.


Plot Description
FOSC The Forecast Oscillator plot.
Signal The average plot.
ZeroLine The zero level.


*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.