Price Projector [MacAlgo] Description:
Price Projector is a forward-looking visualization tool designed to help traders project potential future price movements based on historical drift data. By defining up to two anchor points and leveraging the average drift in price changes from each, the script draws forecast lines (Anchor 1 and Anchor 2) as well as an optional average projection (Anchor 3). Additionally, an optional shaded area around each projection can be displayed to convey a sense of uncertainty or variability in the future path.
Key Features:
1. Multiple Anchors
Specify up to two custom anchor points (by date/time). Each anchor gathers up to 500 bars of historical data from the time it is activated.
Optionally display a third “average” projection line that combines the drift from both anchors.
2. Dynamic Drift Calculation
For each anchor, the script measures the incremental price changes (delta percents) from bar to bar.
Positive and negative drifts are computed separately and averaged, capturing the general upward/downward trend from the chosen anchor point to the latest confirmed bar.
3. Growth Factor & Area Width
The Growth Factor (0–100) allows you to adjust how much the historical drift influences the projection.
The Area Width (0–100) expands or contracts the shaded region around the forecast line, highlighting potential upper and lower bounds.
4. Customizable Styling
Choose colors, transparency, and line width for each anchor’s forecast line.
Toggle an optional connector line that links the anchor’s first bar to its last bar, visualizing the range where data was collected.
Enable or disable a shaded area around each projection line for clearer visualization.
5. Automatic Forward Projection
Once the data is gathered, the script projects future bars (up to 500 bars ahead) using the average drift calculations.
The resulting lines and shaded areas help you quickly assess possible price paths.
How to Use:
1. Add the Indicator to Your Chart
In TradingView, open the Indicators menu, search for “Price Projector ,” and apply it to your chart.
2. Configure Anchor Points
In the indicator’s Inputs section, set the date/time for Anchor Point 1 and Anchor Point 2.
Once a bar’s time is greater than or equal to the anchor point, the script begins collecting data until the last confirmed bar.
3. Adjust Growth Factor & Area Width
Growth Factor modifies how strongly the historical drift influences future price estimates.
Area Width adjusts the size of the shaded range drawn around the projection line.
4. Styling & Display Options
You can pick the color, transparency, and line thickness for each anchor.
Toggle Execution Window Line to show or hide the connector line between the anchor’s initial bar and the final bar used in calculations.
Enable Show Area to fill the space around the forecast line, giving a visual sense of upper/lower bounds.
Turn on Show Anchor 3 Line to draw a combined average projection using data from both anchors.
5. Interpret the Forecast
Once the script processes historical data for each anchor, it will automatically draw forecast lines for Anchor 1, Anchor 2, and (optionally) the average Anchor 3.
Use these lines to gauge potential future price trends under the assumption that recent drift patterns continue.
Examples:
Here you can see all three Anchor Points. Anchor Point 3 is used as a balance between Anchor Point 1 and Anchor Point 2 by using the average of he two.
You can customize which Anchor Points you want to see on the chart, remove the area coloring, etc.
Conclusion:
Price Projector offers a straightforward way to visualize projected price paths based on historical drift from one or two anchor points. By adjusting the Growth Factor, Area Width, and styling options, you can tailor the display to match your preferences and gain deeper insight into potential price trajectories. As always, combine this tool with other forms of analysis and risk management to make more informed trading decisions.
Disclaimer:
This script is provided for informational and educational purposes only. It should not be construed as financial or investment advice. Past performance is not indicative of future results. Trading in financial markets involves significant risk of loss. Always conduct your own due diligence and consult a licensed financial professional before making any trading or investment decisions.
Pricepattern
Flags With Measured Move [QuantVue]Flags with Measured Moves is a technical analysis tool that identifies bull flags and provides a measured move target.
A bull flag is a continuation pattern that occurs within the context of a general uptrend. It represents a pause or small consolidation before the price resumes its upward movement.
A bull flag consists of two sections: the flagpole and the flag.
The flagpole is the initial upward movement that occurs before the flag forms.
The flag forms as the price consolidates after the initial uptrend. During this phase, the price tends to drift downward or sideways, ideally with declining volume.
Once the flag has put in a low, the initial range of thrust is added to the flag low to form the measured move target.
Every element of the flag is customizable by the trader, including the size and length of the prior uptrend and the minimum and maximum flag depth and length.
The indicator also includes alerts for when new flags are formed, when a breakout from the flag occurs, and when the measured move target is reached.
By default, the indicator settings are set for use on a daily timeframe. If using the indicator on an intraday timeframe, you will need to adjust the settings.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Pattern Forecast (Expo)█ Overview
The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified in real-time market data. This projection helps traders to understand the possible outcomes based on the previous occurrences of the pattern, thereby offering a clearer perspective of the market scenario. By analyzing the historical data and understanding the subsequent price movements following the appearance of a specific pattern, the indicator can provide valuable insights into potential future market behavior.
█ Calculations
The indicator works by scanning historical price data for various candlestick patterns. It includes all in-built TradingView patterns, credit to TradingView that has coded them.
Essentially, the indicator takes the historical price moves that followed the pattern to forecast what might happen next.
█ Example
In this example, the algorithm is set to search for the Inverted Hammer Bullish candlestick pattern. If the pattern is found, the historical outcome is then projected into the future. This helps traders to understand how the past pattern evolved over time.
█ How to use
Providing traders with a comprehensive understanding of historical patterns and their implications for future price action allows them to assess the likelihood of specific market scenarios objectively. For example, suppose the pattern forecast indicator suggests that a particular pattern is likely to lead to a bullish move in the market. A trader might consider going long if the same pattern is identified in the real-time market. Similarly, a trader might consider shorting the asset if the indicator suggests a bearish move is likely, if the same pattern is identified in the real-time market.
█ Settings
Pattern
Select the pattern that the indicator should scan for. All inbuilt TradingView patterns can be selected.
Forecast Candles
Number of candles to project into the future.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
2B Reversal Pattern (Expo)█ Overview
The 2B reversal pattern , also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing momentum and that a reversal is coming.
In a bearish market , the "spring pattern" occurs when the price of an asset breaks below a support level, causing many traders to sell their positions and causing the price to drop even further. However, the selling pressure eases at some point, and the price begins to rebound, "springing" back above the support level. This rebound creates a long opportunity for traders who can enter the market at a lower price.
In a bullish market , the "spring pattern" occurs when the price of an asset breaks above a resistance level, causing many traders to buy into the asset and drive the price up even further. However, the buying pressure eases at some point, and the price begins to decline, "springing" below the resistance level. This decline creates a selling opportunity for traders who can short the market at a higher price.
█ What are the benefits of using the 2B Reversal Pattern?
The benefits of using the 2B Reversal pattern as a trader include identifying potential buying or selling opportunities with reduced risk. By waiting for the price to "spring back" to the initial breakout level, traders can avoid entering the market too soon and minimize the risk of potential losses.
█ How to use
Traders can use the 2B reversal pattern to identify reversals. If the pattern occurs after an uptrend, traders may sell their long positions or enter a short position, anticipating a reversal to a downtrend. If the pattern occurs after a downtrend, traders may sell their short positions or enter a long position, anticipating a reversal to an uptrend.
█ Consolidation Strategy
First, traders should identify a period of price consolidation or a trading range where the price has been trading sideways for some time. The key feature of the "spring pattern" is a sudden, sharp move downward/upwards through the lower/upper boundary of this trading range, often accompanied by high volume.
However, instead of continuing to move lower/higher, the price then quickly recovers and moves back into the trading range, often on low volume. This quick recovery is the "spring" part of the pattern and suggests that the market has rejected the lower/higher price and that buying/selling pressure is building.
Traders may use the "spring pattern" as a signal to buy/sell the asset, suggesting strong demand/supply for the stock at the lower/higher price level. However, as with all trading strategies, it is important to use other indicators and to manage risk to minimize potential losses carefully.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
PPSRMA -COMPILATION OF 2 GREAT SCRIPTS AND DOUBLE MAFirst of all I just did the compilation so this is not my idea, it is just a miscellany.
This script has been compiled for authors who have just been introduced to scripts : for unloading and leaving room for other indicators especially:non-pro users needs space for indicators and users seeking best technical combination. This script says thousands of comments.
It's the best combination I've ever try and see everything about future. All efforts belongs to ChrisMoody.
( And fernandofurtado for double moving average codes)
--------------- INGREDIENTS ------------------
1-) Price Action Bars - Price Patterns - CM_Price-Action-Bars-Price Patterns That Work! ( by ChrisMoody )
Original :
2-) Oldschool Projected High & Lows - CM_OldSchool_Projected_high_Low ( by ChrisMoody )
Original :
3-) Multiple Moving Averages - ( by fernandofurtado )
Original :
---------- SETTINGS- -----------
- Use dark theme
- Select SMA fast : 25 SMA slow : 50 ( Inputs)
- Tick all inputs and see price action bars ( Inputs)
FOR FLOW TRADERS :
** Use 30 mins graphs with - Weekly Projected High & Lows
*** Choose high liquidity stocks ( Bank stocks etc.)
FOR MEDIUM - LONG TERM TRADERS AND INVESTORS
** Use 4 hour graphs with - Quarterly Projected High & Lows OR
** 1 day graphs with - Yearly Projected High &Lows ( OR Quarterly Projected High & Lows )
------------------- SUGGESTIONS --------------------
* Add MACD (12,26) and RSI (14) in your empty slots.
* Use mostly on stock markets.
* Be careful about stocks under red breakout line are dangerous same as above green breakout levels.
* Always consider with all indicators and patterns (especially price patterns), get confirmed from Volume.
* Consider with financial analysis ( mostly for medium-long term )
NOTE : The authors' codes are specified on scripts source codes.
ZEC/ETH/XMR/DASH PORTFOLIO KRAKENPortfolio chart with total value.
I will try to optimize it, maybe add % option if I findout how ;p
Or maybe a normalization would be good, idk.
Cheers!
