Projection

17 thg 12, 2020

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.