📊 Polynomial Price Projection Channel

https://chartshots.spotware.com/c/699603101593d

🔎 WHAT DOES IT DO? 

https://chartshots.spotware.com/c/69960348da652

Fits a mathematical curve over the last N price closes and extends it into the future as a projection. Around that curve it draws an upper and lower channel whose width automatically adapts to recent market volatility.

⚙️ HOW DOES THE LOGIC WORK?

1. Takes the last N candles (Lookback Bars) and calculates the polynomial curve that best fits those prices using least squares.
2. Extends the curve forward (Forecast Bars) as a mathematical projection of the current trend.
3. Builds the channel by shifting the curve up and down using the maximum candle range of the analyzed period × 2.

https://chartshots.spotware.com/c/6996039a07e3a

🛠️ KEY PARAMETERS

Parameter

Default

Purpose

Lookback Bars

80

How many historical candles it analyzes

Forecast Bars

20

How many candles it projects forward

Polynomial Order

4

Curve flexibility (higher = more curves)

Data Input

Close

Base price for the calculation

🎯 HOW TO USE IT?

🟢 Potential Buy → Price touches the lower band and the projection points upward.

🔴 Potential Sell → Price touches the upper band and the projection points downward.

⚠️ Always confirm with other factors before trading. This indicator is a mathematical extrapolation, not a guaranteed prediction.