The Historical Price Projection tool aims to project future price behavior based on historical price behavior plus a user defined growth factor.The main feature of this tool is to plot a future price forecast with a surrounding area that exactly matches the price behavior of the selected period, with or without added drift.

Other features of the tool Historical Price Projection-Lux Algo include:

• User-selected period up to 500 bars anywhere on the chart within 5000 bars

• User selected growth factor from 0 (no growth) to 100, this is the percentage of drift to be used in the forecast.

• User selected area wide

• Show/hide forecast area

Settings

Data Gathering

• Anchor point: Starting point for data collection, up to 500 bars will be used.

• Data Transformation

• Growth Factor: Values from 0 to 100, is the amount of drift used to calculate the next price in the series.

• Area Width: Values from 0 to 100, controls the width of the area around the forecast as an increment/decrement of the growth factor.

Style

• Price line width: Size of the price line.

• Bullish color

• Bearish color

• Show Area: Show forecast area.

• Area color