RFX Trend Forecast
RFX Trend Forecast is an indicator to predict the future price trend based on past data. The indicator draws a trend line to indicate the forecast of the price using the recent price action in the market. The principle of the indicator is based on linear regression for time series forecast. You can use it on any timeframe and on any asset chart (e.g., Forex).
- Look Back Bars: A positive integer number that indicates the period over which the trend will be estimated.
- Applied Price: The calculation will be applied to this type of price.
- Up Trend Color: The color of up trend.
- Down Trend Color: The color of down trend.
- Flat Trend Color: The color of flat trend.