Probability Genius

This indicator is simple, clever, and effective. Just simple simple maths and probability.
Only long indications are produced.

//version=3
strategy("Probability Genius", overlay=true)
// Strategy by GrantPeace
// tradingview.com/u/GrantPeace/
Prob1 = (((close<close) and (close<close)) and ((close<close) and (close<close)))and close<close
Prob2 = Prob1 and (close<close)
Prob3 = Prob2 and (close<close)
Prob4 = Prob3 and (close<close)
Prob5 = Prob4 and (close<close)
Prob6 = Prob5 and (close<close)
Prob7 = Prob6 and (close<close)
Prob8 = Prob7 and (close<close)
Prob9 = Prob8 and (close<close)
Prob10= Prob9 and (close<close)

if Prob1
strategy.entry("Prob1", strategy.long, 1)
if close
strategy.close("Prob1")
if Prob2
strategy.entry("Prob2", strategy.long, 10)
if close
strategy.close("Prob2")
if Prob3
strategy.entry("Prob3", strategy.long, 100)
if close
strategy.close("Prob3")
if Prob4
strategy.entry("Prob4", strategy.long, 1000)
if close
strategy.close("Prob4")
if Prob5
strategy.entry("Prob5", strategy.long, 10000)
if close
strategy.close("Prob5")
if Prob6
strategy.entry("Prob6", strategy.long, 100000)
if close
strategy.close("Prob6")
if Prob7
strategy.entry("Prob7", strategy.long, 1000000)
if close
strategy.close("Prob7")
if Prob8
strategy.entry("Prob8", strategy.long, 10000000)
if close
strategy.close("Prob8")
if Prob9
strategy.entry("Prob9", strategy.long, 100000000)
if close
strategy.close("Prob9")
if Prob10
strategy.entry("Prob10", strategy.long, 1000000000)
if close
strategy.close("Prob10")

GrantPeace

Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.

kenzing.com

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

GrantPeace

Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.

kenzing.com