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TSF

Type: tsf • Category: indicators

Description​

Time Series Forecast

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
realstringData column to apply the calculation to (e.g., closing price)no
timeperiodnumberNumber of periods to use for TSF calculationno14

Help​

Time Series Forecast (TSF)

Description​

The Time Series Forecast (TSF) is a technical indicator used in financial analysis to predict future price movements based on past trends. It is a simple and straightforward tool that helps traders and analysts forecast potential price levels.

The TSF indicator is based on a linear regression model, which uses historical data to estimate future values. It is commonly used to identify potential support and resistance levels, as well as to confirm trends.

What does this worker do?​

The TSF worker calculates the Time Series Forecast for a given set of price data. It takes the following parameters:

  • dataExp: prices data
  • real: Data column to apply the calculation to (e.g., closing price)
  • timeperiod: Number of periods to use for TSF calculation

The worker returns the calculated TSF values, which can be used to predict future price movements.

How to interpret the results​

The TSF indicator can be interpreted in several ways:

  • Trend identification: A rising TSF line indicates an uptrend, while a falling TSF line indicates a downtrend.
  • Support and resistance: The TSF line can act as a support or resistance level, depending on the direction of the trend.
  • Forecasting: The TSF line can be used to predict future price levels, helping traders and analysts make informed decisions.

How to use the TSF worker​

To use the TSF worker, simply provide the required parameters and run the worker. The worker will return the calculated TSF values.

For a visual representation of how to use the TSF worker, see the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional knowledge​

The TSF indicator was developed by Mark J. Ready and was first introduced in the 1990s. It is based on a linear regression model and is commonly used in technical analysis. The TSF indicator can be used on various financial instruments, including stocks, forex, and commodities.

By using the TSF worker, traders and analysts can gain a better understanding of market trends and make more informed decisions. However, as with any technical indicator, it is essential to use the TSF worker in conjunction with other forms of analysis and risk management techniques.