๐ Polynomial Price Projection Channel
https://chartshots.spotware.com/c/699603101593d
๐ 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.
โ๏ธ HOW DOES THE LOGIC WORK?
- Takes the last N candles (Lookback Bars) and calculates the polynomial curve that best fits those prices using least squares.
- Extends the curve forward (Forecast Bars) as a mathematical projection of the current trend.
- Builds the channel by shifting the curve up and down using the maximum candle range of the analyzed period ร 2.
https://chartshots.spotware.com/c/6996039a07e3a
๐ ๏ธ 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
๐ฏ HOW TO USE IT?
๐ข Potential Buy โ Price touches the lower band and the projection points upward.
๐ด Potential Sell โ Price touches the upper band and the projection points downward.
โ ๏ธ Always confirm with other factors before trading. This indicator is a mathematical extrapolation, not a guaranteed prediction.
