Forecast Oscillator formula !

Discussion in 'Technical Analysis' started by saschabr, Sep 27, 2003.

  1. Hello Guys,

    does anyone have
    a hint or a formula on how to calculate
    the Forecast Oscillator, an indicator
    based on Tushar Chandes regression

    Any help would be greatly appreciated.
    I already googled around like hell,
    the formula cannot be that complex,
    but no website lists it.

    It is built into Metastock, so maybe
    the Metastock Docs can give a hint ?

  2. mg_mg


    1. Find regression line first (which is straightforward or do a google search);
    2. Extrapolate the line few periods ahead to get a forcast price;
    3. Evaluate the following percentage:

    100*(actual price - forecast price)/actual price