TradiKator 01b Forecast EMA
TradiKator 01b Forecast EMA is the a visual indicator that plots forecast EMA .
Forecast EMA
The dashed line after today, it is forecast EMA .
Green Dot: The target price according to the user input.(your assumption)
3 colors' Dashed lines: The EMA based on the target price
"Days to plot forecast EMA (Max=19, SwitchOff=0)" --> Please decide how many days' EMA you would like to forecast.
"Mod1 Assumed chg ratio ‰ in the every days (10=1%)" --> Mod1: User should give the change rate in the coming every days. For example, user's assumption is that price will increase 10% everyday.
"Mod2 Assumed chg % in the ?th day (1=1%)( Pls set Mod1 to 0)" --> Mod2: User should give the change rate in the future ?th days. For example, user's assumption is that price will increase 30% in the 3rd day.
"Mod2 Need ? day to reach the chg % (tomorrow = 1 day)" --> Mod2: User should give the future ?th days.
note: While using Mod2, user has to disable Mod1 by set Mod1 to 0 (default setting)
The reason for this single function script.
Due to Tradingview output limit, we can only plot very limited days forecast.
Therefore we made this single function script only for forecast EMA which could output more days' forecast EMA .
There is another single function script only for forecast SMA which will only output forecast SMA ,
We have a "input" option in this indicator, so if you can use both 2 indicators (forecast SMA and forecast EMA) at same time, then you can use one of the indicator's output as the input of the other indicator.
In this way when you use both 2 indicators at same time, you only need to adjust one of the indicators' target price setting, the setting will be sync.
Forecast EMA
The dashed line after today, it is forecast EMA .
Green Dot: The target price according to the user input.(your assumption)
3 colors' Dashed lines: The EMA based on the target price
"Days to plot forecast EMA (Max=19, SwitchOff=0)" --> Please decide how many days' EMA you would like to forecast.
"Mod1 Assumed chg ratio ‰ in the every days (10=1%)" --> Mod1: User should give the change rate in the coming every days. For example, user's assumption is that price will increase 10% everyday.
"Mod2 Assumed chg % in the ?th day (1=1%)( Pls set Mod1 to 0)" --> Mod2: User should give the change rate in the future ?th days. For example, user's assumption is that price will increase 30% in the 3rd day.
"Mod2 Need ? day to reach the chg % (tomorrow = 1 day)" --> Mod2: User should give the future ?th days.
note: While using Mod2, user has to disable Mod1 by set Mod1 to 0 (default setting)
The reason for this single function script.
Due to Tradingview output limit, we can only plot very limited days forecast.
Therefore we made this single function script only for forecast EMA which could output more days' forecast EMA .
There is another single function script only for forecast SMA which will only output forecast SMA ,
We have a "input" option in this indicator, so if you can use both 2 indicators (forecast SMA and forecast EMA) at same time, then you can use one of the indicator's output as the input of the other indicator.
In this way when you use both 2 indicators at same time, you only need to adjust one of the indicators' target price setting, the setting will be sync.