Daily Range Projections Parameters
This study draws projected high and low values for the next bar of a series.
A short horizontal line is drawn at the projected high and low for a bar
position. Since Aspen normally aligns charts with the current bar at the far right,
the default chart position will need to shift left a bar or so when this study
is active.
The only visible user option is whether to compute and draw projected value
for all bars visible in the chart window, or only for the current and next bars.
The projections for a bar are based on only the immediately preceding non-gap
bar. The procedure is as follows:
If close < open:
If close > open:
If close = open:
Then compute:
Projected high = X-Low
Projected low = X-High
The study command for Daily Range Projections is .TDRP.