Current behavior
The current calculations provide a single value for each time point in any given time series: 2020-01-04 has one value as does every other date in the time series.
Proposed behavior
Would be Laguerre indicator
Calculate instead a probably range given that single rescaledrange value. For example, let's say time series is represented by value X. Our particular date is 2020-01-04 with let's say a current output value of 1.04. Outside of some ability to determine inflection points, we don't have a probable range at which to buy and sell any given time series. Instead, our output should be as follows:
prior day close: 1000
current output: 1.04
new output:
- high: 1010
- low: 999
Example
The enhancement would be useful to monthly, daily, and intraday be able to calculate probable trading ranges for managing positions as the grow and as there are counter-trend bounces within a bullish or bearish trend.
Current behavior
The current calculations provide a single value for each time point in any given time series:
2020-01-04has one value as does every other date in the time series.Proposed behavior
Would be
Laguerre indicatorCalculate instead a probably range given that single rescaledrange value. For example, let's say time series is represented by value
X. Our particular date is2020-01-04with let's say a current output value of1.04. Outside of some ability to determine inflection points, we don't have a probable range at which to buy and sell any given time series. Instead, our output should be as follows:Example
The enhancement would be useful to monthly, daily, and intraday be able to calculate probable trading ranges for managing positions as the grow and as there are counter-trend bounces within a bullish or bearish trend.