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Forecast Oscillator

Forecast Oscillator indicator script. This indicator was originally developed by Tushar Chande.
May 09
Sürüm Notları: Update colors
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Does it repaint?
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everget LemnosTV009
@LemnosTV009, what do you mean by "repaint" ? It doesnt change what is already plotted
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@everget, by your reply that is does not change what is already plotted would mean to me that it does not repaint. This is good. I use a MA ie Moving Average on the same pane as your indicator and when it crosses your indicator it gives a good indication of when to expect a turn. I am using a daily chart for EUR/USD. What other indicator(s) would you suggest I try with your indicator to make it even more informative or helpful? And is there a time frame you find it (your indicator) most helpful?
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LemnosTV009 LemnosTV009
@LemnosTV009, It does repaint. I followed it on daily chart and it was green the last several days in a row and then it repainted and some of the green days turned to red. I think it still is helpful but would be better I think that once the daily bar closes it does not change ever after that. Maybe the indicator can not do this either.
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