OPEN-SOURCE SCRIPT
ASX Historical Price Projection [360 Days Auto]
The ASX Price Projection indicator is a forecasting tool that projects future price movement based on historical price action and user-defined parameters. Inspired by the cyclical nature of markets, this tool helps traders visualize how price could behave in the future — not with certainty, but as a modeled possibility based on past behavior patterns.
What It Does:
This tool replicates the price action from a chosen historical period and projects it into the future, optionally applying a drift factor (growth or contraction). This projection is visualized directly on the chart, helping traders anticipate potential future price paths based on recognizable past behavior.
How It Works:
Why It’s Unique:
This script offers a simple yet powerful way to model potential future price action based on automatic historical pattern detection:
No manual selection required — the last 360 bars are always used.
The Drift Factor allows scenario testing for growth or decline.
Area Width gives a realistic band around the projected path.
Designed for visual modeling and hypothetical exploration — not predictive accuracy.
How to Use:
What It Does:
This tool replicates the price action from a chosen historical period and projects it into the future, optionally applying a drift factor (growth or contraction). This projection is visualized directly on the chart, helping traders anticipate potential future price paths based on recognizable past behavior.
How It Works:
- The indicator automatically uses the most recent 360 bars of historical data as the projection template. This is fixed and not user-selectable.
- The selected price segment is replicated and extended into the future to simulate a possible price path.
- A Drift Factor (Growth Multiplier) can be applied to simulate bullish (positive) or bearish (negative) price drift.
- An Area Width parameter defines how wide the projection zone appears around the forecast line, helping to visualize uncertainty or price range tolerance.
- The projected path and its surrounding band are plotted forward from the current bar.
Why It’s Unique:
This script offers a simple yet powerful way to model potential future price action based on automatic historical pattern detection:
No manual selection required — the last 360 bars are always used.
The Drift Factor allows scenario testing for growth or decline.
Area Width gives a realistic band around the projected path.
Designed for visual modeling and hypothetical exploration — not predictive accuracy.
How to Use:
- Load the indicator on any chart.
- The system automatically pulls the last 360 bars to generate the projection.
- Adjust the Drift Factor to simulate optimistic or pessimistic market scenarios.
- Set the Area Width to control the visual range around the projected line.
- Use the forecast to explore how price might evolve under similar conditions.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。