Faytterro Estimator

2022년 9월 1일

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.

https://www.tradingview.com/x/fzfhc2bj/

2022년 9월 7일

릴리즈 노트

buy-sell signal added. the signals are not repaint.

2022년 9월 7일

릴리즈 노트

added strong buy-sell signals

2022년 9월 7일

릴리즈 노트

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.

2022년 10월 5일

릴리즈 노트

max lenght increased from 49 to 99.

estimated values ​​are now displayed as dashed lines.

new view:

2022년 10월 5일

릴리즈 노트

bug fixed.

2022년 10월 8일

릴리즈 노트

"maxval" increased to 499.

2022년 10월 8일

릴리즈 노트

The problem that caused the old lines not to disappear has been resolved.

2023년 4월 2일

릴리즈 노트

Added color change option.