This study is also known as time series forecast and moving linear regression. With default parameters, it plots the end points of a series of 20-period linear regression lines with a zero period offset.

A linear regression line is the straight line which produces the best mathematical description of the prices over the last 20- periods. Using a positive offset will move the results to the right, and conversley a negative offset will move the results to the left.

Interpretation is similar to that for the moving average and offset moving average, except that the Time Series Forcast will usually respond to price divergences faster than the moving average, given the same number of time periods.

The default time period parameter is 20, but as with most studies, this can be varied by inserting a value in the first parameter field. The default offset parameter is zero, and this can be adjusted by keying a value into the second parameter field.