P.Cahen Extension

In his latest book "Dynamic Technical Analysis" published in March 2011, Philippe Cahen presents a method for analyzing markets to predict trends.
This method uses the evolution of a moving average obtained from theoretical future prices equal to the last known price.

The indicator named P. Cahen Extension in Axial Finance automatically generates these additional prices in the chart.

Example

This indicator has two parameters for:

• Choosing the number of additional theoretical prices
• Optionally setting a percentage change (up or down) between each additional price