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: (Close-today - Time Series Forecast-before)/Close-today * 100. 

Forecast Oscillator

The Forecast Oscillator compares the actual price to the Time Series Forecast and calculates a percentage between -100% and +100%.


Forecast Oscillator Calculation

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. 

Forecast Oscillator plotted below a Price chart

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