Studies · Momentum
Chande Forecast Oscillator (CFO)
chandeForecastOscillator · Chande's CFO — the price against its own forecast, in percent
Drawn in its own panelReads one column (close here)Guide lines at 0
Hover the chart to read values · practice data: a seeded random walk with no overnight gaps
What it measures
How far the price is from the value a straight-line fit of recent prices would have predicted for today, as a percentage of price.
How traders use it
- Positive readings mean price is running ahead of its own trend line; persistently positive is an uptrend, persistently negative a downtrend.
- Zero-line crossings mark where price meets its forecast.
Parameters
| Name | Value | Default | Allowed | What it does |
|---|---|---|---|---|
| period | 14 | ≥ 2 usual 5–50 | Number of bars in the straight-line fit. |