FOSC (Forecast Oscillator, %F) is implemented as explained by Kaufman (there are lot of representations out there, using linregs, this one is not.).
This indicator plots a 3-period smoothing of %F. When %F = 0, the trend line and prices are moving parallel to one another; when %F is above 0 the market is accelerating away from the trend line; when %F is below 0 prices are slowing down and the two series are converging.
Now on to the BB extrapolation: As you can see above, a 21-period BB on 1W shows 2 volatile areas of same length. Simple projection using the same time periods gives us a similar volatile area in another 105d. FOSC is forming a similar pattern now as of the first area. More information in the chart markings.
Interesting thing for me was how my other chart (tradingview.com/v/HeSyTev8/) aligned with this. Lets see how far these timelines are respected.
In the mean time, feel free to "Make mine" this and use FOSC in your charts. Appreciate any feedback / comments.
Commenti
BuyOnPurple
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Can't wait to see how this plays out, makes me wish I had a fast forward button for life.
Interesting prediction, makes a lot of sense. It is also remarkable how similar the situation now is compared to July 2013. I think the bear market could end any time between now and the next few weeks.
It will be interesting to see when the great rally of 2014 will start. I'm putting my bets on the June timeframe.
grahvity
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You and your charts are, by far, some of the most interesting things I've run into on TV so far. I've spent hours playing with your indicators and promise to come up with some good questions for you soon.
LazyBear
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Thanks.
Can't wait to learn what you have learnt from those indicators :)