Price Projection, Definition
1. For an upside breakout, find the lowest low during the interval from the TD
Lines' left anchor point to the breakout. Subtract this low from the TD Lines'
value at the bar containing the low. Add this difference to the TD Lines' value
at the breakout bar.
For a downside breakout, find the highest high during the interval from the TD
Lines' left anchor point to the breakout. Subtract from this high the TD
Lines' value at the bar containing the high. Subtract this difference from the TD
Lines' value at the breakout bar.
2. For an upside breakout, find the lowest close during the interval from the TD
Lines' left anchor point to the breakout. Subtract the low of the bar
containing the lowest close from the TD Lines' value at that bar. Add this difference
to the TD Lines' value at the breakout bar.
For a downside breakout, find the highest close during the interval from the
TD Lines' left anchor point to the breakout. Subtract from the high of that bar
the TD Lines' value at that bar. Subtract this difference from the TD Lines'
value at the breakout bar.
3. For an upside breakout, find the lowest low during the interval from the TD
Lines' left anchor point to the breakout. Subtract the close of the bar
containing the lowest low from the TD Lines' value at that bar. Add this difference to
the TD Lines' value at the breakout bar.
For a downside breakout, find the highest high during the interval from the TD
Lines' left anchor point to the breakout. Subtract from the close of that bar
the TD Lines' value at that bar. Subtract this difference from the TD Lines'
value at the breakout bar.
In all three cases, the difference added to or subtracted from the TD Lines'
value at the breakout bar is first multiplied by a scaling parameter (normally
100%).
Additional notes: TD Lines and price projection lines will act like normal
study lines in that their values at any particular bar can be read off on the
Aspen cursor window. TD Point indicators appear only on the chart itself, and are
ignored by the cursor