Forecast Oscillator Indicator: A Simple Momentum Tool for TradingView
Ever stared at a chart wondering if prices are gaining steam or losing momentum? That's exactly what the Forecast Oscillator is designed to tell you. This simple yet effective momentum indicator compares current price action to historical patterns, giving you a clear visual signal of whether buying or selling pressure is building.
The beauty of the Forecast Oscillator lies in its simplicity - it takes the rate of price change and smooths it out, creating an easy-to-read line that oscillates above and below zero. When it's above zero, you're seeing upward momentum. Below zero? Downward pressure is taking control.




