Forecast Oscillator

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Definition: Forecast Oscillator

Forecast Oscillator
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Full Definition of Forecast Oscillator

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.

Forecast Oscillator Interpretation

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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Definition Sources

Definitions for Forecast Oscillator are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd March, 2020 | 0 Views.