INVITE-ONLY SCRIPT
TimePriceProjection
Updated
Time Price Projection
This indicator uses some proprietary mathematics and factors in the high and low of the candles formed from the selected reference candle till the latest candle nr. (or) till the user selected max future candle nr, to compute an projected price (range).
USER INPUT PARAMETERS
========================
1. Max Future Candle Nr- The candle nr to which you want to compute a price projection in the future
2. Direction- The direction of the projection, upswing or downswing.
Notes
* If wrong `Direction` is selected the indicator will not display any projection targets as price calculations will get inverted if direction is wrong
* Remember to select a `max future candle nr` that is nearest to the latest candle nr. label. For eg: if latest candle nr. formed (in realtime or during backtesting ) is 50 then select a projection for the 63 candle, and not further ahead candles like 80 or 100, as this will lead to inaccuracies.
This indicator uses some proprietary mathematics and factors in the high and low of the candles formed from the selected reference candle till the latest candle nr. (or) till the user selected max future candle nr, to compute an projected price (range).
USER INPUT PARAMETERS
========================
1. Max Future Candle Nr- The candle nr to which you want to compute a price projection in the future
2. Direction- The direction of the projection, upswing or downswing.
Notes
* If wrong `Direction` is selected the indicator will not display any projection targets as price calculations will get inverted if direction is wrong
* Remember to select a `max future candle nr` that is nearest to the latest candle nr. label. For eg: if latest candle nr. formed (in realtime or during backtesting ) is 50 then select a projection for the 63 candle, and not further ahead candles like 80 or 100, as this will lead to inaccuracies.
The script will nevertheless display a warning if too high of a max future candle nr. is selected for a projection target
Release Notes
Time Price Projection=====================
This indicator uses some proprietary mathematics and factors in the high and low of the candles formed from the selected reference candle till the latest candle nr. (or) till the user selected max future candle nr, to compute an projected price (range).
For a demo, Check out this YouTube video
VISIT for access: starlighttrader.github.io/
User Input Parameters
====================
1. Max Future Candle Nr- The candle nr to which you want to compute a price projection in the future
2. Direction- The direction of the projection, upswing or downswing.
Notes
* If wrong `Direction` is selected the indicator will not display any projection targets as price calculations will get inverted if direction is wrong
* Remember to select a `max future candle nr` that is nearest to the latest candle nr. label. For eg: if latest candle nr. formed (in realtime or during backtesting ) is 50 then select a projection for the 63 candle, and not further ahead candles like 80 or 100, as this will lead to inaccuracies.
The script will nevertheless display a warning if too high of a max future candle nr. is selected for a projection target
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact traderdilip for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″This is a paid (invite-only) indicator that is part of an indicator set or a student in one of our course. Visit the link below to get access:
https://starlighttrader.github.io/#shop
Want to use this script on a chart?
Warning: please read before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.