Business, Legal & Accounting Glossary
The Forecast Oscillator compares the actual price to the Time Series Forecast and calculates a percentage between -100% and +100%.
The Forecast Oscillator is calculated as follows:
Forecast Oscillator =
(Close-today-Time Series Forecast-before)/Close-today*100
The Time Series Forecast indicator in this formula is evaluated at some period in the past.
If this oscillator stays above the zero line for a continuous period, it indicates that the price will rise in the future. If stays below the zero line for a continuous period, it indicates that the price will fall.
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This glossary post was last updated: 22nd March, 2020 | 3 Views.