Log-Normal Price Forecast
This Pine Script creates a log-normal forecast model of future price movements on a TradingView chart, based on historical log returns. It plots expected price trajectories and bands representing different levels of statistical deviation.
Parameters
This Pine Script creates a log-normal forecast model of future price movements on a TradingView chart, based on historical log returns. It plots expected price trajectories and bands representing different levels of statistical deviation.
Parameters
- Model Length – Number of bars used to calculate average and standard deviation of log returns (default: 100).
- Forecast Length – Number of bars into the future for which the forecast is projected (default: 100, max: 500).
- Volatility SMA Length – The smoothing length for the standard deviation (default: 20).
- Confidence Intervals – Confidence intervals for price bands (default: 95%, 99%, 99.9%).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.