Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com/u/DayTradingOil/).
This one is called Projection.
Projection is based off the same Principle as some of my other scripts, such as Trade Manager(www.tradingview.com/...6eZzM-Trade-Manager/) and Price Predictor(www.tradingview.com/...6eZzM-Trade-Manager/). I use a simple concept using line.new() to define some potential Price Projections. From the Settings of the Indicator, you can access a couple different Pre-Set options.
Wide Parabola:
Skinny Parabola:
Straight Triangle:
ZigZag1:
ZigZag2:
I wanted to give a Special Thanks to @Pinecoders for the custom RoundToTick Function from Backtesting/Trading Engine --> (www.tradingview.com/...g-Engine-PineCoders/)
If you like Projection, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
This one is called Projection.
Projection is based off the same Principle as some of my other scripts, such as Trade Manager(www.tradingview.com/...6eZzM-Trade-Manager/) and Price Predictor(www.tradingview.com/...6eZzM-Trade-Manager/). I use a simple concept using line.new() to define some potential Price Projections. From the Settings of the Indicator, you can access a couple different Pre-Set options.
Wide Parabola:
Skinny Parabola:
Straight Triangle:
ZigZag1:
ZigZag2:
I wanted to give a Special Thanks to @Pinecoders for the custom RoundToTick Function from Backtesting/Trading Engine --> (www.tradingview.com/...g-Engine-PineCoders/)
If you like Projection, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.