Registered User
Joined: 9/8/2009
Posts: 13
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Hi:
Is there a way to have a scan produce a prediction on price?
Thanks,
Yama
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice.
If you have a specific algorithm in mind you wish to use to predict price, we might be able to help you implement it, but I am not aware of an already existing accurate algorithm for doing so (and I suspect most traders would contend that this type of holy grail indicator isn't possible).
That said, there are all sorts of Indicators that could be interpreted in a way that might be considered predicting price. For example, if you were to extend a Linear Regression Line into the future it would be possible to interpret this extension as a prediction of sorts based on past performance over the period covered by the Linear Regression (although the validity of this interpretation would be more than slightly suspect without significant caveats).
-Bruce
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