Chart Projection

Chart Projection projects on schedule two market movements, based on averaging the calculations made using the ZigZag. In addition to price targets, it is also included in the projection of the estimated time of data movements.

Key terms

• 
  

  Set - a pair of two arbitrary points ZigZag, high or low. The input parameters of the indicator, you will be prompted to enter the desired value Set for calculations. The default value of 3 is based on the idea that we are trying to assess the behavior of the last time the market participants.

  
  


• 
  

  auto Calculation - if the option is enabled, the projection is recalculated when a new point of ZigZag. If the parameter is disabled, the projection is recalculated at each change or update timeframe.

  
  


• 
  

  Skip - shift value (default - 0). The default setting of the projection based on the most recent data. If you analyze the past price movement, you can change this value. One parameter value is equal to one shift ZigZag point in time. For example, if you want to see, would look like projection 10 points ZigZag ago, set the value to 9 and the indicator will operate as if the 10th ZigZag point is the most recent time.

  
  

Features

• You can customize the color of the projection.


• You can adjust the size of the target points.


• You can change the settings ZigZag.


• You can choose the timeframe used for calculations.