I have designed an indicator which uses a couple of standard indicators (such as MACD and RSI).
For a multi-time frame analysis, I need to be able to predict possible price scenarios for the next bar in the future (i.e. the one that is at that time building up before it closes).
Anyone aware of a good concept how to feed hypothetical closing price instead of what the ticks deliver as price quote?
Example:
The current bar has a price Quote of 10.0, which my indicator will Show on a tick Basis, but I Need to calculate the indicator values for Prices of 9.00 and 11.0 to check for a possible range.
Thanks for any help.
Cheers,
Martin
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