What is Faytterro Estimator? This indicator is an advanced moving average.
What it does? This indicator is both a moving average and at the same time, it predicts the future values that the price may take based on the values it has taken before.
How it does it? takes the weighted average of data of the selected length (reducing the weight from the middle to the ends). then draws a parabola through the last three values, creating a predicted line.
How to use it? it is simple to use. You can use it both as a regression to review past prices, and to predict the future value of a price. uptrends are in green and downtrends are in red. color change indicates a possible trend change.
Notes de version
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buy-sell signal added. the signals are not repaint.
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added strong buy-sell signals
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alert added. only the last "lenght" value of the drawing is repaint. There is no repaint on buy-sell signals. Single candle errors may occur if you only select "close" or a different variable as the source. To prevent this, you can make "open" the source part. in this case you will never get a false signal.
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max lenght increased from 49 to 99.
estimated values are now displayed as dashed lines.
new view:
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bug fixed.
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"maxval" increased to 499.
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The problem that caused the old lines not to disappear has been resolved.
Thank you for this Indicator. This is far better than the Nadarya Watson Estimator as it's got alert function and do not repaint. Much appre
faytterro
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@kennairne, Thank you for your valuable comment, I'm glad you like it.
SPY_VIX_TRADER
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I have been using this for a while, and it is great! Is there any way we can 1)select our line colors and 2)pick a timeframe other than what the current chart displays?
faytterro
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@SPY_VIX_TRADER, i have added color change option. but time frame change is not possible because of: Error at 30:26 The 'timeframe' argument is incompatible with functions that have side effects
crypto_juju
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Is it easy to spin up a MTF version, ser?! Great work
faytterro
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@crypto_juju, thanks for your comment. I tried to make a Multi Time Frame version but it is not possible. 15:28:28 — Compilation error. Line 27: The 'timeframe' argument is incompatible with functions that have side effects
crypto_juju
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@faytterro, np. Thanks for looking into it anyway!