Ever wondered what the chart would look like if it's flipped upside down and flipped horizontally into the future? The idea is that when there is a trend, a repeating pattern tends to occur. Going backwards and projecting that movement into the future can supposedly show what the future price will be.
Somehow I haven't found anyone try it like this and I am currently trying to find a way to use a reversed moving average or plot of some kind to project further ahead. TV at the moment does not allow offsets on candle plot(as far as I know) and I am only allowed a certain number of plots to go on the chart, so I put as many price moves ahead as I could to project the future price. It's a bit sloppy with all those forced plots but it gets the job done. I'll see if I can improve it with a moving average or something and possibly make a strategy out of it in the future.
Notes de version
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I made major improvements and additions. It now shows you the options of price repeat, horizontal, vertical, and horizontal+vertical inversions.
Notes de version
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-fixed the y-axis alignment problem it had with the last price -added the option to change the price source
Hi, Appreciate your work, little bit confused in reading the projected future price, when i read it from the end, i found the direction is right but levels are adusting accordingly, i flipped the price vertically and horizontally, request to share the method to read. Ashutosh
viewless
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Hi
Chaitanyasudhakar
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very thanks for your indicator now we can analyze what will happen next while trading, mostly it will work up to 80% correct.
OutsourcE
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Howdy! Any update on this? Saw your back and forth conversation and wondered if the issues were solved.
Cheers
dganev
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Thank you for publishing this
thebearmaster
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Hello, you can do this with This code I made: (I think) try and let me know =) I made this function; works with pine script 3 ///////////// //DOTTED LINE
///HOW to CALL //example four lines with plotchar(dotted_line? linea_para_ti?1:2 :linea_para_ti2?3:4 , size=size.tiny, color=#000000, location=location.absolute, char='_') //example two lines plotchar(dotted_line? 1 :2 , size=size.tiny, color=#000000, location=location.absolute, char='?') //example three lines plotchar(dotted_line? linea_para_ti?1:2 :linea_para_ti2?3:na , size=size.tiny, color=#000000, location=location.absolute, char='_') //or without linea_para_ti2 but that line will have more dots dotted_line=false if nz(dotted_line[1]) dotted_line := false else dotted_line := true
//plot(1, color=dotted_line?black:white) // two lines at the same time with one plot linea_para_ti=false if dotted_line
if nz(linea_para_ti[3] or linea_para_ti[2] ) linea_para_ti:=false else linea_para_ti:=true
linea_para_ti2=false if dotted_line==false if nz(linea_para_ti2[3] or linea_para_ti2[2] ) linea_para_ti2:=false else linea_para_ti2:=true
now with all the changes , this is like the method on the book?
SparkyFlary
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@JHARENT, yes I believe it is, with other options included. The book if I recall right has a vertical and a horizontal flip. If 64 bars back isn't enough or you want to see better bars, it can also be done by pressing the print screen button on the keyboard and pasting the price chart picture unto the Paint program on the computer, and applying a vertical and horizontal flip unto the piece of the picture or as far back on the price chart you want on the Paint program. If you find an error let me know.
Mr_Odd_Lots
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@SparkyFlary, I believe it's working fine. Thank you for your work. This is an amazing tool!