OPEN-SOURCE SCRIPT
Forecasting - Simple Mean Method
This is a continuation of my series on forecasting techniques. The idea behind the Simple Mean method is to somehow extend historical mean to the future. In this case a forecast equals to last value plus average change.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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