© 2016 by TradingCoders.com

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Testimonials appearing on TradingCoders.com may not be representative of other clients or customers and is not a guarantee of future performance or success.

TC_TrendingTSF

This is a Time Series Forecast line - a type of Linear Regression using the Least Squares method. The standard implementation attempts to forecast the direction of price.

DOWNLOAD FOR  NinjaTrader7,  NinjaTrader8,  MT4,  eSignal

 

This indicator is free to download and use. We wish you good luck with your trading.

 

By measuring the slope of the line, and the position of the line compared to price, this indicator can quite neatly reveal the current trend - even during fairly sharp retracements. Notice how the blue area on the centre-right of the chart has a sharp retracement, yet the indicator stays in an uptrend color. Price finds support along the TSF line, and builds into a great move. You can choose whether to color the bars, or display the colored TSF line, or both. 
NEW UPDATE 1.3 : graphics altered to show up and down bars as different opacity colors.

 

Read the article of tips for trading with TC_TrendingTSF and TC_NovelChannel.

 

This indicator is free to download and use. We wish you good luck with your trading.

Parameters:

  • Price Type - Choose from Close, Typical, Median etc

  • TSF Forecast - This is the number of bars we wish to 'forecast' into the future

  • TSF Period - The number of bars used to calculate the Linear Regression

  • Display -

    • Choose Indicator to show the colored line,

    • Choose PaintBars to color the price bars or candles with the trend (note colored outlines too)

    • Choose All to show both the colored line and the colored prices
       

DOWNLOAD FOR  NinjaTrader7,  NinjaTrader8,  MT4,  eSignal

Please reload

Featured Posts

Benefits of Programming and Backtesting

1/2
Please reload

Recent Posts
Please reload

Archive
Please reload