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Projecting future Highest Highs using Mean slope
Rank: Newbie
Groups: Registered, Registered Users Joined: 3/13/2008(UTC) Posts: 1
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Hi!
I'm trying to create a formula in Indicator Builder to calculate the following:
Projected Highest High for current period using the Highest High over the last 10 periods. The "projection" line should have the same slope as the 10 day Standard Deviation mean. Graphically, this is accomplished by creating a trend line that passes through the Highest High for the past 10 periods and is parallel to the 10 day Standard Deviation channel. The intersection of this line with the current period timebar is the value that I need the formula for.
Thanks!
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Projecting future Highest Highs using Mean slope
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