Indicator · Pine Script v4 · On the chart

Forecasting: Seasonal Naive Method

by capissimo

This indicator estimates a seasonal naive forecast by taking the price from one season earlier and treating that lag as the projected value.

View on GitHub

GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code27
Settings3inputs
LicenceNone stated
Last update1 year ago7 Nov 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Forecasting: Seasonal Naive Method draws a solid blue line on the price chart from the current bar toward a future time set by the forecasted periods input. The season input chooses the lag length from preset daily or calendar-style periods, and the price data input selects the series used. A simple moving-average naive helper is defined but not plotted. There are no trade signals or exit rules.

Details

Published by

capissimo on GitHub

Type

Indicator, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Price Datasourcecloseprice
Seasonint5p
Forecasted Periodsint15fp
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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