Forecast

Application

Forecast is a highly useful drawing tool, especially when used in the context of sharing trade ideas with the rest of the TradingView community. Forecast allows user to place an entry and an exit price for a trade. However, it also allows user to define the trade's duration by extending the forecast line. As time progresses (and prices changes), the forecast will automatically be deemed a "success" or a "failure".

Style

In Style property dialog it is possible to change the appearance of a forecast drawn:

Line

Sets the color, opacity level and thickness of the projection line.

Back Color

Sets background color for the source and target labels.

Text Color

Sets text color for the source and target labels.

Border Color

Sets border color for the source as well as the target.

Success/Failure Background Color

Sets background color for the success and failure results boxes.

Success/Failure Text Color

Can change the text color for the success and failure results boxes.

Transparency

When setting the color, you can also set the opacity level for text, border and background color of source/target labels and result boxes.

Coordinates

In Coordinates properties dialog you can set precisely the position of the projection line's points on the price scale (by setting the price) and the time axis (by setting the bar number):

Price 1

Allows for the precise placement of the source using a price or bar number.

Price 2

Allows for the precise placement of the target using a price or bar number.

Visibility

In Visibility properties dialog you can switch the Triangle tool displaying on charts of different timeframes: