Editors' picksOPEN-SOURCE SCRIPTProjection
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: 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(tradingview.com/script/M926eZzM-Trade-Manager/) and Price Predictor(tradingview.com/script/M926eZzM-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 --> (tradingview.com/script/dYqL95JB-Backtesting-Trading-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(tradingview.com/script/M926eZzM-Trade-Manager/) and Price Predictor(tradingview.com/script/M926eZzM-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 --> (tradingview.com/script/dYqL95JB-Backtesting-Trading-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.
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.
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.