Historical Price Projection-Lux Algo Free

The Historical Price Projection tool aims to project future price behavior based on historical price behavior plus a user defined growth factor.The main feature of this tool is to plot a future price forecast with a surrounding area that exactly matches the price behavior of the selected period, with or without added drift.

Other features of the tool Historical Price Projection-Lux Algo include:
– User-selected period up to 500 bars anywhere on the chart within 5000 bars
User selected growth factor from 0 (no growth) to 100, this is the percentage of drift to be used in the forecast.-
– User selected area wide
– Show/hide forecast area

Settings
Data Gathering

– Anchor point: Starting point for data collection, up to 500 bars will be used.
– Data Transformation
– Growth Factor: Values from 0 to 100, is the amount of drift used to calculate the next price in the series.
– Area Width: Values from 0 to 100, controls the width of the area around the forecast as an increment/decrement of the growth factor.

Style

– Price line width: Size of the price line.
– Bullish color
– Bearish color
– Show Area: Show forecast area.
– Area color