Forecasting - MetaTrader 5 Script - MQL5 #21827 | Forex Indicator Download - MT4/MT5 Resources

The Forecast Oscillator was developed by Tushar Chande as a continuation of his "Time Frame Forecasting" method.

The indicator has three input parameters:

The time range forecasting method is calculated inside the indicator and does not require the use of additional indicators.

 Forecast Oscillator = App Price - Previous Time Series Forecast / App Price * 100.0
explain:
Positive indicator values ​​predict rising prices. Negative values ​​indicate that prices may fall. Tushar Chande also recommends using the 3-day smooth line as the signal line. When an oscillator line accelerates or crosses relative to the signal line, this indicates a cessation of price movement (a reversal or intersection in the opposite direction of the signal line movement), or a continuation of movement in the same direction (a reversal or intersection in the direction of the signal line movement), or an impending trend change (which needs to be confirmed by the intersection of the zero value of the oscillator line). Data interpretation depends on the position of the oscillating line, i.e. whether it is above or below zero.

 Attachment download
 📎 forecast.mq5 (10.57 KB)
 Source: MQL5 #21827