Time Series Forecast

Definition

The Time Series Forecast (TSF) indicator is based on the linear regression calculations. The indicator uses a least squares method to fit a straight line to data points.

A least squares method is a form of mathematical regression analysis used to determine the line of best fit for a set of data, providing a visual demonstration of the relationship between the data points.

Linear regression tool is used to predict future market values relative to past values.

Default Inputs

Length sets the number of bars used to calculate the linear regression, 9 by default.

BarsPlus sets the offset into the linear regression calculation that determines which previous regression value to plot, 7 by default.