I have already posted a classic indicator using recursion, it was the stochastic oscillator and recursion helped to get a more predictive and smooth result. Here i will do the same thing with the rsi oscillator but with a different approach. As reminder when using recursion you just use a fraction of the output of a function as input of the same...
This is an additional Script to my recent Pivot Point indicator scripts which will show you the next days pivot points based on the actual price range.
This is useful if you are trading right before a new day and want to know how the next bdays pivot points may be placed.
If you have any questions or suggestions pls write...
Basic extrapolator for forecast a time-series, all forecasts are mades length periods ahead.
This is not a estimation of the exact price
This should only be used for forecasting direction, dont expect the price to be at the same value of its forecast.
Bias, Mean absolute error,...
This script calculates 3 MAs and forecasts where these MAs will be in the next 5 future periods.
Automatic mode - price will be based on current price ("flat") or an X-period linear regression ("linreg").
Manual mode - enter your own value('s): let's see where the MA's will be when your favourite equity all of a sudden hits 1 million tomorrow!
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