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Projecting the 2 possible values/scenarios of an indicator

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    Projecting the 2 possible values/scenarios of an indicator

    Can you create an indicator that dynamically projects the two possible values/scenarios of an indicator based on the possible close of a current no gap range bar?

    Specifically, for the DM indicator, I want to be able to see the ongoing dynamic projection of the two possible scenarios if the current no gap range bar closes on its high and on its low.
    Either include this projection as a separate indicator that I can include in the same panel as a standard DM indicator that has 'Calculate on bar close' set to 'True', or create an all-in-one indicator that shows past DM values and current dynamic projections.
    As DM has 2 lines, both lines will have 2 sets of projected values. There should be the option to select the color of these lines in order to properly identify the two possible scenarios.

    Additionally, I am interested in an indicator the projects the values for the standard MACD, only the MACD Line and the MACD Avg line, not the Difference.

    Thank you for any assistance.

    #2
    Originally posted by Laenxin View Post
    Can you create an indicator that dynamically projects the two possible values/scenarios of an indicator based on the possible close of a current no gap range bar?

    Specifically, for the DM indicator, I want to be able to see the ongoing dynamic projection of the two possible scenarios if the current no gap range bar closes on its high and on its low.
    Either include this projection as a separate indicator that I can include in the same panel as a standard DM indicator that has 'Calculate on bar close' set to 'True', or create an all-in-one indicator that shows past DM values and current dynamic projections.
    As DM has 2 lines, both lines will have 2 sets of projected values. There should be the option to select the color of these lines in order to properly identify the two possible scenarios.

    Additionally, I am interested in an indicator the projects the values for the standard MACD, only the MACD Line and the MACD Avg line, not the Difference.

    Thank you for any assistance.
    Here is an example of how to do what you want. You may want to read the entire thread.

    Comment


      #3
      Thanks to koganam for following up here and providing a solution/indicator for this matter!

      Comment

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