OPEN-SOURCE SCRIPT
Log Projection Error
References an old log projection made in October of 2014
bitcointalk.org/index.php?topic=831547
You can see today's value for that old projection here:
wolframalpha.com/input/?i=10^(2.9065++*+ln((number+of+days+since+2009+Jan+09)/days)+-+19.493)
This script attempts to improve error based on data we've seen since the original. That ends up looking more like this:
wolframalpha.com/input/?i=10^(2.7065++*+ln((number+of+days+since+2009+Jan+09)/days)+-+18.2500)
bitcointalk.org/index.php?topic=831547
You can see today's value for that old projection here:
wolframalpha.com/input/?i=10^(2.9065++*+ln((number+of+days+since+2009+Jan+09)/days)+-+19.493)
This script attempts to improve error based on data we've seen since the original. That ends up looking more like this:
wolframalpha.com/input/?i=10^(2.7065++*+ln((number+of+days+since+2009+Jan+09)/days)+-+18.2500)
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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