OPEN-SOURCE SCRIPT
Market Projection
Market Projection Engine is a visual projection tool designed to map potential future price paths using trend structure, volatility, and price displacement.
The indicator combines three projection phases:
• AB (Reaction Zone) — Initial response and stabilization area after a strong displacement.
• BC (Path Zone) — Primary projected route based on current trend pressure and directional slope.
• CD (Target Zone) — Extended objective area where projected movement may begin to lose momentum.
The model also includes:
• Ghost Candles to visualize a potential path rather than a single projected line.
• Stretch Clouds to highlight areas where price has moved significantly away from its center of gravity.
• Probability Corridors to display a wider range of possible price development rather than a fixed forecast.
• Trend Quality Score to estimate the strength of the current projection environment.
This indicator is intended as a visual market structure and projection tool. It does not predict future prices and should not be used as a standalone trading system.
Users should always combine its output with their own analysis, risk management, and market context.
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⚠ Disclaimer
This script is provided for educational and informational purposes only.
The projections displayed by this indicator represent possible market paths derived from historical price behavior and volatility measurements. They are not forecasts, predictions, or guarantees of future performance.
Trading and investing involve risk. Past market behavior does not guarantee future results.
Always perform independent analysis and use appropriate risk management before making trading decisions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.