Nanda86

PivotBoss ADR Price Targets

This script forcasts daily, weekly, Monthly targets well in advance so that you can position yourself accordingly. Script has four target levels such as 50% target level, 75% target level, 100% target level and 125% target level. You can scale out your position across these levels. Price has 80% potential to reach 1st target level, 70% potential to reach 2nd second target level and 50% potential to reach 3rd and 4th target level.

The script takes 10 period average daily range and high of the period to project the downside targets, 10 period ADR and low of the peiod to project upsdie target levels.

When the price is trades in the narrow range in the prior period then the potehtial to reach 125% target level increase by 90%.

This script is purely price based use it with other pivotBoss pivots and volume profile for confirmation of your bias
Release Notes: Minor Code Updates
Release Notes: Matured Code
-- Daily Bear Targets
-- Weekly Bear Targets
-- Monthly Bear Targets
-- Monthly Bull Targets
Release Notes: Minor code changes..
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Comments

This script is crazy accurate..sometimes scary...what you guys think?
+9 Reply
@Nanda86, will use it from today. will let you know. I have ordered Frank ochoa pivot book, Any suggestions for me.
Reply
Nanda86 Vinayrk2909
@Vinayrk2909, try his masters course for detailed analysis
+9 Reply
@Nanda86, Thank you!!
Reply
@Nanda86, I don't understand the concept of ADR Price Targets. Are they based of future pivot points ? A brief tutorial video would be much appreciated
Reply
How to establish high or low of the day ???
+2 Reply
Updated script with option to hide past levels and alert options...

+1 Reply
Hello, first of all thank you very much for the script you developed. I used the script you developed to perform a lot of reviews, and the results shocked me. As long as the price crosses the 50% target level, there is a high probability that the market will start a strong operation. I would like to ask you a question. Is the principle of this method based on the ACD logic trading method?
In addition, I would like to make two suggestions, 1 can the script increase the option to display only the current day or the current week, and 2 can the number of statistical days be changed from a fixed ten days to an adjustable parameter.
Reply
Hi, Thanks for the code. Which system of all the system you coded works best with Indian Market context if you have backtested ?
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