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Hello!
Does anyone know what is behind the forecastosc function? I would like to se how it is calculated.
Many thanks!
D
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Rank: Advanced Member
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Joined: 1/19/2005(UTC)
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This is my guess for MetaStock's default ForecastOsc(C,5):
[code:1:3a7093cef0]
pds:=Input("Time periods",1,260,5)+1;
pds1:=Input("Signal periods",1,260,3);
FcastOsc:=(C/LinearReg(C,pds)-1)*200;
0;
Mov(FcastOsc,pds1,E);
FcastOsc
[/code:1:3a7093cef0]
jose '-)
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/15/2005(UTC)
Posts: 6
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Thanks Jose!
I tried it but it brings different results compared to forecastosc :(
Do you have any other idea?
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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The question is: how different?
Plot the two indicators in the same window, and you'll see that the differences between the two are microscopic.
Try not to get hung up on minuscule details, but rather, ponder as to why you would want to use this oscillator - and then think of a better way to build it.
jose '-)
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