- ago
Is there any additional information on this indicator and what it is doing?
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- ago
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The LeastError indicator is part of the TASC indicator library, which is posted to GitHub if you want to look at the code. https://github.com/LucidDion/TASC-Extensions

An example of using it with WL6 is at http://www2.wealth-lab.com/WL5Wiki/TASCNov2010.ashx If you convert this example to WL8, please post it.

Perhaps you'll want to read John Ehlers' article in the November 2010 issue of Technical Analysis of Stocks & Commodities magazine to learn more about it. It looks like it's some kind of zero-lag filter, although I can't imagine how you can achieve a zero-lag without some kind of forecasting effort. What Ehlers basis that forecasting on (and what its limitations are) I don't know. I guess we'll have to read his article. Happy reading.
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