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What is this tool?
This tool calculates price targets based on the Wyckoff Law of "Cause and Effect". It analyzes a trading range (the "Cause") to project how far the price might move after it breaks out (the "Effect").
How to Use
- Upload CSV: Upload your OHLC price data (e.g.,
USDCHF1440.csv).
- Select Range: Click once on the chart to set the Start Index. Click a second time to set the End Index.
- Auto-Fill: The tool automatically finds the true Range High, Range Low, and segment ATR (for the Box Size) from your selection.
- Calculate: Click the "Calculate Targets" button to see the results.
What is "Projected Magnitude"?
The Projected Magnitude is the calculated size of the price move that is expected to occur after the range breaks out.
It is calculated using the Wyckoff Point & Figure (P&F) formula:
Magnitude = (P&F Column Count) × (Box Size) × (Reversal Amount)
The final Target Zones are then found by adding this magnitude to the Range Low (conservative) and Range High (aggressive), or subtracting it for a distribution target.