PumbaPLS wrote: Thu Jun 23, 2022 6:07 am Forecast Oscillator

The Forecast Oscillator is a technical indicator that compares a security close price to its time series forecast. The time series forecast function name is "tsf" and it calculates the projection of the price trend for the next bar.

The Forecast Oscillator and therefore the time series forecast are based on linear regression . The time series forecast indicator is equal to the sum of two other indicators: the linear regression (LinearReg) and the linear regression slope (LinearReg_Slope).

Code: Select all

study("Forecast Oscillator", overlay=false)
src = input(close)
len = input(defval=14, minval=1, title="Length")
lrc = linreg(src, len, 0)
lrc1 = linreg(src,len,1)
lrs = (lrc-lrc1)
TSF = linreg(src, len, 0)+lrs
fosc=100*(src-TSF[1])/src
col12 = fosc > fosc[1]
col32 = fosc < fosc[1]
color2 = col12 ? #21C400 : col32 ? #960012 : color.blue
plot(fosc, color = color2,linewidth=2, title = "TSF")
hline(0, linestyle=2, color=color.blue)

PS: I know we also have a forecast Oscillator on this website, but its different (as far I can tell, also not a histo version)

PumbaPLS wrote: Thu Jun 23, 2022 6:07 am Forecast Oscillator

The Forecast Oscillator is a technical indicator that compares a security close price to its time series forecast. The time series forecast function name is "tsf" and it calculates the projection of the price trend for the next bar.

The Forecast Oscillator and therefore the time series forecast are based on linear regression . The time series forecast indicator is equal to the sum of two other indicators: the linear regression (LinearReg) and the linear regression slope (LinearReg_Slope).

Code: Select all

study("Forecast Oscillator", overlay=false)
src = input(close)
len = input(defval=14, minval=1, title="Length")
lrc = linreg(src, len, 0)
lrc1 = linreg(src,len,1)
lrs = (lrc-lrc1)
TSF = linreg(src, len, 0)+lrs
fosc=100*(src-TSF[1])/src
col12 = fosc > fosc[1]
col32 = fosc < fosc[1]
color2 = col12 ? #21C400 : col32 ? #960012 : color.blue
plot(fosc, color = color2,linewidth=2, title = "TSF")
hline(0, linestyle=2, color=color.blue)

PS: I know we also have a forecast Oscillator on this website, but its different (as far I can tell, also not a histo version)

Devvasu525 wrote: Thu Jun 23, 2022 4:14 pm Vwap with different price option is available?
Can someone help me on this please. Searched everywhere but didn't find it.
Thankyou, it will be great if i get it

mrtools wrote: Thu Jun 23, 2022 3:50 am Posted a version here Dynamic zone indicators

thomdel wrote: Thu Jun 23, 2022 3:58 pm @ mrtools,


Reason for request :
To make this Indi more useful / output in simple form.
Trend Dots as histo will help us to see the output in simple form.


Respected Sir,

If you like this idea/suggestion & useful for all users, request you to kindly add this features in : MACD_Momentum_&_Trend_Index_1.031

1) Show Dots Output as Histo form also : User selectable drop down menu :
Histo as Dots ( Original Indi style ) & Histo as found in Waddah attar & normal histo bars in a straight line
( attachment pic for ref ) *

2) Arrows, Alerts if possible


Thanks for your Efforts, Times, support, kindness.
Thanks.

sal wrote: Fri Jun 24, 2022 1:25 am mr.tools
can you please add addtional arrows based on the levels
rules for UParrow
when magenta line <= 15 level
&& blue line crosses up >=30 level
&& green line <30 level

if possible to add levels in custom setting will be great to custom levels