{"id":2233,"date":"2010-02-04T21:13:09","date_gmt":"2010-02-04T15:43:09","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=2233"},"modified":"2010-02-04T21:13:09","modified_gmt":"2010-02-04T15:43:09","slug":"forecast-oscillator-the-concept","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/forecast-oscillator-the-concept\/","title":{"rendered":"Forecast Oscillator : The Concept"},"content":{"rendered":"<p>The Forecast Oscillator was developed by Tushar Chande. The <strong>Forecast Oscillator<\/strong> is an extension of the linear regression based indicators, by definition. It is a percentage comparison of the price of an issue and the price as indicated by the Time Series Forecast Oscillator.<\/p>\n<p>The oscillator is above zero when the forecast price is greater than the actual price. Conversely, it&#8217;s less than zero if its below. When the forecast price and the actual price are the same the oscillator would plot as zero.<\/p>\n<p>Prices that are persistently <em>below<\/em> the forecast price suggest lower prices ahead. Actual prices that are persistently <em>above<\/em> the forecast price suggest higher prices ahead.<\/p>\n<p>The <strong>Forecast Oscillator<\/strong> is in simple words, a comparison (in percentage) of the issue price and the price as seen by the <strong>Time Series Forecast Oscillator<\/strong>. It&#8217;s an extension of the indicators which are based on linear regression.<\/p>\n<p>The oscillator is above the zero point if the forecast price is higher than the current price. On the contrary, if it&#8217;s below it turns out to be less than zero. When the forecast price and the current price are equal, the oscillator makes a zero. Current prices that are constantly over the forecast price suggest higher prices ahead and prices that are constantly under the forecast price suggest lower prices ahead.<\/p>\n<p>It is calculated as follows:<\/p>\n<p>(Close &#8211; Previous Time Series Forecast) * 100 \/ (Close)<\/p>\n<p>The Forecast Oscillator is a variant of the Time Series Forecast. It calculates the percentage difference between the time series forecast and the actual price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Forecast Oscillator was developed by Tushar Chande. The Forecast Oscillator is an extension of the linear regression based indicators, by definition. It is a percentage comparison of the price of an issue and the price as indicated by the Time Series Forecast Oscillator. The oscillator is above zero when the forecast price is greater [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[6063,6061,6062],"class_list":["post-2233","post","type-post","status-publish","format-standard","category-general","tag-concept-of-forecast-oscillator","tag-forecast-oscillator","tag-forecast-oscillator-concept","entry"],"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/2233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=2233"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/2233\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=2233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=2233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=2233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}