Rather than plotting a straight linear regression trendline, the Time Series Forecast plots the last point of multiple linear regression trendlines. They were developed by John Tirone. The Median Price and Weighted Close are similar indicators. Click here for more information on Advancing, declining, and unchanged volume. The analysis of volume is a basic yet very important element of technical analysis.
Volume provides clues as to the intensity of a given price move.
The Zig Zag indicator only shows significant changes. The Typical Price and Weighted Close are similar indicators.