OPEN-SOURCE SCRIPT

Three Step Future-Trend [BigBeluga]

Three Step Future-Trend by BigBeluga is a forward-looking trend analysis tool designed to project potential future price direction based on historical periods. This indicator aggregates data from three consecutive periods, using price averages and delta volume analysis to forecast trend movement and visualize it on the chart with a projected trend line and volume metrics.

🔵Key Features:
  • Three Period Analysis: Calculates price averages and delta volumes from three specified periods, creating a consolidated view of historical price movement.
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  • Future Trend Line Projection: Plots a forward trend line based on the calculated averag of three periods, helping traders visualize potential future price movement.
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  • Avg Delta Volume and Future Price Label: Shows a delta average Volume a long with a Future Price label at the end of the projected trend line, indicating the possible future delta volume and future Price.
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  • Volume Data Table: Displays a detailed table showing delta and total volume for each of the three periods, allowing quick volume comparison to support the projected trend.
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This indicator provides a dynamic way to anticipate market direction by blending price and volume data, giving traders insights into both volume and trend strength in upcoming periods.
forecastforecastingfutureanalysispredictionTrend AnalysistrendpredictionvolumeanalysisVolume

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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