The Projection Bands were created by Mel Widner (Stocks and Commodities Jul 1995) and this indicator and the other two that rely on this one (I will publish them later) are very underappreciated in my humble opinion. The biggest strength of this indicator is the fact that it is a leading indicator for dramatic price movements. As you can see in my example chart it...
session projection into the future..
Past, Present, Future
Tell me, tell me, smiling child,
What the past is like to thee ?
'An Autumn evening soft and mild
With a wind that sighs mournfully.’
Tell me, what is the present hour ?
'A green and flowery spray
Where a young bird sits gathering its power
To mount and fly away.’
And what is the...
Whenever the volume of a candle is at or over 1.5 times the previous volume, it automatically places a cross on the Volume Price Target (candle range projected from the close) of the candle with abnormal volume.
Application of concepts from Constance Brown "Technical Analysis for Trading Professionals", specifically: Chapter 7: Price Projections By Reverse Engineering Indicators , and Chapter 8: Price Objectives Derived From Positive and Negative Reversals In The RSI .
Specifically: I wanted to see if better Exit signals for the RSI could be generated from a basic...
The Projection Bandwidth was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another of my series of indicators that I consider undiscovered gems. For those of you who are unaware, the Bandwidth indicator measures the distance between the high and low bands and if you remember from my Projection Bands script, the Projection Bands give pretty...
Along a range of historical price values, this script draws a line from each previous price to the current price and moves the line so it begins at the current price instead of ending at it. The resulting polar array of lines which projects potential price trajectories into the future in a pattern which resembles a sneeze can be used as a visual aid to help...
Leavitt Projection, Convolution, & Acceleration by Cryptorhythms
Bringing you another open source Gem this time from the January 2020 Issue of TASC.
In the article in the Oct 2019 TASC issue titled "An interplanetary marriage" author Jay Leavitt describes the evolution process required in strategy design by introducing his Mars strategy....