MarketForecast

Description

The Market Forecast is a technical indicator designed to find buying and selling opportunities based on market analysis techniques applied to several timeframes. It comprises three plots: Momentum, NearTerm, and Intermediate. These plots tend to cycle on daily, weekly, and monthly basis, respectively.

It is considered a Buy signal when the three lines go through a reversal at the same (or almost the same) time in the bottom zone, and vice versa, simultaneous reversal in the upper zone suggests the Sell signal.

Plots

Plot Description
Momentum The Momentum plot.
NearTerm The NearTerm plot.
Intermediate The Intermediate plot.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

You may also like
MomentumPercentDiff
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
SchaffTrendCycle
The Schaff Trend Cycle (STC) is a technical indicator developed by Doug Schaff as an improvement ...
SlowRSI
The Slow Relative Strength Index is a version of the classic Relative Strength Index (RSI), ...