DayTradingOil

Projection

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: https://www.tradingview.com/u/DayTrading...).
This one is called Projection.

Projection is based off the same Principle as some of my other scripts, such as Trade Manager(https://www.tradingview.com/script/M926e...) and Price Predictor(https://www.tradingview.com/script/M926e...). 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 --> (https://www.tradingview.com/script/dYqL9...)

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 Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

500 Coins
+1 Antworten
It's a very good indicator! I've been test since you publish it! Good job! Congulatulations!
+1 Antworten
I never commented in scripts in my life (Trading view since 2018), I just add to favorites and move on.
For this I had to say thank you man. This is the one!!!! Keep up the work.
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@Dewara92, Wow, thanks so much! Always great to get feedback, truly appreciate it!
+1 Antworten
This publication is now featured in our Editors' Picks: https://www.tradingview.com/scripts/editors-picks/ .
In the name of all TradingView traders, thank you for your valuable contribution to the TradingView community, and congrats!
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DayTradingOil PineCoders
@PineCoders, An honor, thank you so much for all that you guys do!
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excellent work, will test it.....can you explain this situation? does this means that it will travel to those yellow levels tomorrow?
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DayTradingOil nilanjan62
@nilanjan62, Not necessarily, no. You can try adjusting the Target Multiple to 1.0, clicking Extend Targets, or using the Weekly as the Default Resolution. This doesn't predict price action, just uses basic math to draw potential trend lines on a time period.
+1 Antworten
great work .
God bless you
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Interesting. Thanks.
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