Support Board
Date/Time: Fri, 27 Dec 2024 16:52:49 +0000
Post From: Project Bollinger Band into future
| [2016-04-08 00:35:21] |
| User71961 - Posts: 144 |
|
i'd like to be able to project a bollinger band study into the future, by some # of bars (say, 1 or 2). For example, assuming the historical data does not change...the question becomes, what "data" should be used to calculate the projected values (since both the moving average center line, and the standard deviation values both require the full data set). So, assuming the default of 10 bars, and 2 standard deviations...how would the future projected bands be calculated? 1) user specifies how many bars into the future the bollinger bands should be projected (i'm thinking about 1 or 2 bars makes sense) 2) for each of the forward bars, should the calculation just use fewer data points (essentially deleting the older data, one bar at a time), or should the last value be projected into the future (this would pretend that the future bars OHLC would be identical to the last bar, creating a "what if the market just chops sideways" scenario) I can make the case for both options from #2, so i'd suggest just giving the user the option. Can this be done now, or does this require a feature request / code change? |