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.