Trend channel with projection forecast This indicator is used to model data where growth or decay accelerates rapidly at first and then slows over time. Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using this indicator it is recommended that this type of indicator is applied to mature trends. This model is interesting for the long term series data (such as 10 or 20 years span) because can be plotted correctly on logarithmic charts.
Technical issues *The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart. *If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.
Disclaimer Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on. This script is for informational and educational purposes only. Use of the script does not constitute professional and / or financial advice. You are solely responsible for evaluating the outcome of the script and the risks associated with using the script. In exchange for the use of the script, you agree not to hold monpotejulien TradingView user responsible for any possible claims for damages arising out of any decisions you make based on the use of the script.
Dear Julien, thanks for providing this powerful tool. It's become one of the most important indicators to me as I have a clear trend strategy. I do have one questions thoug: Above in the picture of the Nike chart I see "19%" - asumably this is the average anual growth rate. How can I display that figure?
Julien_Eche
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@petermic, Hi, the 19% written there is just a note I wrote :) You can use the CAGR indicator to display the average annual performance.
exactingSeagul45046
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Thanks for providing Julien. Can you script this so the count is at inception? Currently it's quite a lot of work inputting the count for many assets. Would be nice if it just loaded from inception instead of having to manually input every time.
Above in the picture of the Nike chart I see "19%" - asumably this is the average anual growth rate. How can I display that figure?