The Time Series Forecast tries to calculate a best-fit line over a specified time period using Linear Regression. This line is then plotted forward for a user-defined time period.
I use this in an identical way as I use 2 moving average indicators.So the same setups will be used here. You can watch the video for how to use moving averages here .
The advantages of using TSFs over MAs are:
- Moving average has more delays.
- TFS also tries to forecast the price.