Point and Figure Target Forecast
This Pine Script provides a simple Point and Figure (P&F) chart target forecasting tool, designed to help traders estimate potential price targets based on the Point and Figure charting methodology.
The script calculates target levels using a user-defined box size and reversal factor, which are essential components of the Point and Figure technique. The targets are displayed as green (upward) and red (downward) lines on the chart, with labels marking the calculated target levels.
Key Features:
Box Size and Reversal Control: Allows users to set the size of each box and the number of boxes required for a reversal.
Target Forecasting: Calculates and plots potential upward and downward targets based on the selected parameters.
Visual Labels: Displays target levels with clear labels for easy visualization.
This tool provides a simplified approach to forecasting price targets using the Point and Figure charting method, ideal for traders looking to anticipate potential price movements and structure their trades accordingly.
This Pine Script provides a simple Point and Figure (P&F) chart target forecasting tool, designed to help traders estimate potential price targets based on the Point and Figure charting methodology.
The script calculates target levels using a user-defined box size and reversal factor, which are essential components of the Point and Figure technique. The targets are displayed as green (upward) and red (downward) lines on the chart, with labels marking the calculated target levels.
Key Features:
Box Size and Reversal Control: Allows users to set the size of each box and the number of boxes required for a reversal.
Target Forecasting: Calculates and plots potential upward and downward targets based on the selected parameters.
Visual Labels: Displays target levels with clear labels for easy visualization.
This tool provides a simplified approach to forecasting price targets using the Point and Figure charting method, ideal for traders looking to anticipate potential price movements and structure their trades accordingly.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.