ConeCastConeCast is a forward-looking projection indicator that visualizes a future price range (or "cone") based on recent trend momentum and adaptive volatility. Unlike lagging bands or reactive channels, this tool plots a predictive zone 3–50 bars ahead, allowing traders to anticipate potential price behavior rather than merely react to it.
How It Works
The core of ConeCast is a dynamic trend-slope engine derived from a Linear Regression line fitted over a user-defined lookback window. The slope of this trend is projected forward, and the cone’s width adapts based on real-time market volatility. In calm markets, the cone is narrow and focused. In volatile regimes, it expands proportionally, using an ATR-based % of price to scale.
Key Features
📈 Predictive Cone Zone: Visualizes a forward range using trend slope × volatility width.
🔄 Auto-Adaptive Volatility Scaling: Expands or contracts based on market quiet/chaotic states.
📊 Regime Detection: Identifies Bull, Bear, or Neutral states using a tunable slope threshold.
🧭 Multi-Timeframe Compatible: Slope and volatility can be calculated from higher timeframes.
🔔 Smart Alerts: Detects price entering the cone, and signals trend regime changes in real time.
🖼️ Clean Visual Output: Optionally includes outer cones, trend-trail marker, and dashboard label.
How to Use It
Use on 15m–4H charts for best forward visibility.
Look for price entering the cone as a potential trend continuation setup.
Monitor regime changes and volatility expansion to filter choppy market zones.
Tune the slope sensitivity and ATR multiplier to match your symbol's behavior.
Use outer cones to anticipate aggressive swings and wick traps.
What Makes It Unique
ConeCast doesn’t follow price — it predicts a possible future price envelope using trend + volatility math, without relying on lagging indicators or repainting logic. It's a hybrid of regression-based forecasting and dynamic risk zoning, designed for swing traders, scalpers, and algo developers alike.
Limitations
ConeCast projects based on current trend and volatility — it does not "know" future price. Like all projection tools, accuracy depends on trend persistence and market conditions. Use this in combination with confirmation signals and risk management.
