Technical Dashboard with High and Low Price Prediction

The Technical Dashboard with High and Low Price Prediction indicator provides a comprehensive oversight of market momentum and potential price targets by combining four popular technical oscillators with linear regression-based price forecasting. It displays real-time data for Stochastics, RSI, Z-Score, and MFI alongside predicted high/low ranges to help traders identify extremes and trend strength.

Usage

The tool is designed to serve as a centralized hub for technical analysis, allowing users to monitor multiple momentum streams without cluttering the main chart.

• Momentum Monitoring: The dashboard tracks whether the RSI, Stochastics, Z-Score, or MFI are trading at their historical highs, lows, or neutral levels within a user-defined lookback period.
• Price Prediction: Utilizing linear regression, the script calculates a "Predicted High" and "Predicted Low" for the current candle. These can be plotted on the chart to visualize potential breakout or reversal points.
• Range Status: The table output indicates if an asset is in a "Max Range" (potentially overbought/strong bullish momentum) or "Lowest Range" (potentially oversold/strong bearish momentum).
• Reversal Signaling: By enabling "Display Reversals based on SMA," the dashboard compares current values against the SMA extremes rather than raw indicator peaks, offering a smoother interpretation of trend exhaustion.

Details

The indicator utilizes ta.linreg logic to forecast price levels based on the relationship between price and time over the predLen period. Unlike standard static overbought/oversold levels, this script uses a dynamic lookback approach, comparing current indicator values to the ta.highest() and ta.lowest() values found within the specified window. This adaptive method ensures the "Max" and "Min" ranges are relevant to recent market volatility rather than arbitrary fixed thresholds.

Settings

Stochastics / RSI / Z-Score / MFI

• Show [Indicator]: Toggles the visibility of the specific indicator in the dashboard.
• Length: Sets the primary calculation period for the oscillator.
• SMA Length: Sets the period for the Simple Moving Average applied to the oscillator.
• Display Reversals based on SMA: When enabled, the dashboard evaluates "Highs" and "Lows" based on the SMA's historical range instead of the raw value.

Price Prediction

• Price Prediction Lookback: The number of bars used for the linear regression analysis to predict targets.
• High and Low SMA Length: The lookback for the optional High/Low moving average plots.
• Plot Predicted Highs/Lows: Toggles the visual levels on the chart.
• SMA of High/Low: Toggles moving average lines based on bar highs and lows.

Global

• Lookback Period: The window used to determine the "Highest" and "Lowest" values for all technical oscillators in the dashboard.
• Position: Adjusts the table location (e.g., Top Right, Bottom Left).

FAQ

How do I interpret a "Max Range" reading? A "Max Range" indicates the oscillator has reached its highest point within the lookback period. This often signifies strong bullish momentum, but can also serve as a warning for a potential trend exhaustion.

Can I use this on any timeframe? Yes, the price prediction and technical ranges automatically scale to your current chart timeframe, whether it is the 5-minute, 1-hour, or Daily chart.

How can I access Technical Dashboard with High and Low Price Prediction? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.