I am looking for a way to predict a value/event for indicators.
I would like give a range for the close of the next bar and with that look into the future :-)
eg. a simple moving average crossing another.
if todays close is at 100 and tomorrows close is going to be between 95 and 105 the SMA x is going to be in a specific range and therefore crossing another SMA which is slower for example.
I also know that some have coded a predictive CCI on the forum, based on range bars, and a high/low close. You might ask @Jeff Castille, he knows a lot about CCI and might point you to the indicator so you can look at source.
Would have to convert to EasyLanguage, mind you.
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The following user says Thank You to Big Mike for this post:
A bunch of us have written CCI predictors based on Range Bars, but with Range bars I literally know exactly where the close will be depending on a close up or down. A lot of traders ask about projecting a predictive trend line into the future, but that's difficult to do in NT. But even if you wrote one, I'm not sure what the value would be. In the dark ages when I was young, we did it on graph paper with a ruler. "Chick" Goslin wrote a book "Trading Day by Day" showing how it was done. Basically manually figuring out the moving average .
Life is too short for that....
I'm just a simple man trading a simple plan.
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The following user says Thank You to ThatManFromTexas for this post:
I am trialling Multicharts and would ultimately like to program a predictive CCI based on range bars for it. However, I am struggling even to program a simple forecast range bar high low that will plot the forecast high low in price text on the chart, basis the current low or high of the range bar, and only for the current bar (ah la Ninja's range bar hi lo predictive indicator that plots the predicted hi or lo).
I have borrowed the easy language code previously posted here some where relating to a discussion regarding intra-bar orders and updated it to calculate the forecast. However I can't work out how to plot as text the forecast high or low of the bar or to plot that for the current bar only or to plot it in the right margin.
I would appreciate some direction.
All the best
The following user says Thank You to Bondi9999 for this post: