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Specification
Time series forecast indicator rainbow
Requirements
1. Consolidate attached indicator into ten lines rainbow whereby for each line I can select
a. Indicator chart period
b. Indicator time series forecast period) TSFperiod)
c. Line color/width
d. Shift – I prefer trading on closed chart period
2. Create the following indicator buffers / outputs (buffers 0, 1, 2)
a. A buffer to record state of slope of all lines (for example buffer output 1 for when all lines slope is increasing and -1 for when all line slopes are decreasing)
i. Please note that during transitions, for example when not all lines are increasing or decreasing following “state 1”, then state 1 is retained until conditions for state -1 are met.
b. Buy arrow when slope of all lines is increasing – this is when buffer switches from -1 to 1. This buffer will have empty value when no arrow is applied
c. Sell Arrow when slope of all lines is decreasing – this is when above buffer changes from 1 to -1. This buffer will have empty value when no arrow is applied
3. Time series forecast formula - -this will be provided later on