Forex encyclopedia

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.

In order to navigate a ship you need to have a compass. In order to Charter a plane you need to observe your instruments. Its no different in Trading the foreign exchange market you must have all your indicators clearly on screen, so that you can see how far the market can move and also prepare timing for precision market entries and precision market exits for Maximum profitability.