RicardoSantos

[RS]Channel Projection V1

EXPERIMENTAL:
note: angle calculation is not correct.
added optional time calculation and bar calculation
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

No he podido hacerlo funcionar, ni en un día, Gracias si pudiera ayudarme
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An angle on a financial chart should be some sort of tangent like a loss or gain of x pips per bar. I believe it is near to impossible to use actual time, because trading days aren't regular in the real world.
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RicardoSantos eykpunter
@eykpunter, there are divergent thoughts in the matter, mine is that price is always flowing even when markets are closed otherwise you wouldnt get gaps between sessions. therefor time the time axis should be noted in time and not bars.


it could be possible to create a scale with matching price/time using a method similar to renko were block advances/declines on the price axis by 1 unit and on the time axis by 1 bar, then since you now have a equal measuring unit you could extrapolate a angle
+3 Reply
cool as always
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