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Random article: Time Series Forecast
Time Series Forecast (TSF) is an instrument of technical analysis including linear measurement of regression computed as per the method of least-squares. This indicator's operation is similar to linear regression in the part of determining presence/absence of trend on a considered time-frame. On chart TSF is drawn as the curve consisting of the last points of several lines of linear regression trend. Besides, TSF defines incline angle for trend (ascending or descending) and is able to forecast further movement of price on market. That is to say, under ascending trend Time Series Forecast defines its incline angle and through matching it with real price calculates its value in the next period of time. If tendency of price movement remains, the indicator is able to define course of its movement at a rather high precision.
Typical Price of Moving Average represents a combination of a Simple Moving Average and Pivot Point Method. With the help of this indicator, an average price for a certain time cutting is determined. Resulted value is further matched with present price and moments for opening trades are defined. Signal for purchase is when Typical Price Moving Average crosses price chart from bottom to top. If moving average crosses price chart in the opposite direction, it is a signal for sale. Also Typical Price of Moving Average is able to serve as resistance or support level.
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