INVITE-ONLY SCRIPT
Probability Effort Scalper [PES]
Probability Effort Scalper
Indicator is made of Two Basic Component
1. Probability Distribution Filter
2. Cumulative Effort Volumes
What is a Probability Distribution Filter ?
A filter which segregate the outcomes of any experiment into binary score of momentum based probabilities, so the filter is actually acting as a classifier to classify the probability of future occurrence of any event { in this case Stock prices going up / going down } { Long/ Short / Exit } by Binomial fitting method.
So the script uses Predictive Differential Filter, for filtering out the probability distribution, it actually uses differential calculations on binomial models.
Basic Assumptions:
That the Stock prices are in semi-strong efficiency
That the Stock prices follow up the Binomial Distribution
What is Cumulative Effort Volume
Effort Volume estimation is the process of predicting the most realistic amount of Volume Required to Push the Prices up or down, Its a group estimation model,
works on law of effort vs results and estimates the flow of the prices, (same as fluid dynamics), it's basically used to justify the harmony and Divergence occurrence in probability distribution.
How to use the Indicator
Simple Concept :
{ Signal candle = candle with a Triangle mark }
Long on the High of the Long Signal Candle,
Short on the Low of the Short Signal Candle
Exit on the Candle where "X" is present
For Long / Buy Signals {refer image below}
For Short / Sell Signals {refer image below}
https://www.tradingview.com/x/GPhywgDj/
Provisions for Alerts
Listed below are the Types of Alerts :
BUY SIGNAL
SELL SIGNAL
BOTH BUY/SELL SIGNAL
ALL STOP / EXIT SIGNALS
EXIT FROM LONG
EXIT FROM SHORT
What Securities will it work upon ?
The indicator works on every liquid security : stocks, futures, futures of indexes, forex, crypto : Having a Volume Informations provided by tradingview
Since the Indicator uses Volume Effort Estimation, The securities that you can apply the indicator on should be liquid
How to Get Access
Just Private Message me, would be happy to help you out !
Do not use comment box for asking for access, use it only for constructive feedbacks
Indicator is made of Two Basic Component
1. Probability Distribution Filter
2. Cumulative Effort Volumes
What is a Probability Distribution Filter ?
A filter which segregate the outcomes of any experiment into binary score of momentum based probabilities, so the filter is actually acting as a classifier to classify the probability of future occurrence of any event { in this case Stock prices going up / going down } { Long/ Short / Exit } by Binomial fitting method.
So the script uses Predictive Differential Filter, for filtering out the probability distribution, it actually uses differential calculations on binomial models.
Basic Assumptions:
That the Stock prices are in semi-strong efficiency
That the Stock prices follow up the Binomial Distribution
What is Cumulative Effort Volume
Effort Volume estimation is the process of predicting the most realistic amount of Volume Required to Push the Prices up or down, Its a group estimation model,
works on law of effort vs results and estimates the flow of the prices, (same as fluid dynamics), it's basically used to justify the harmony and Divergence occurrence in probability distribution.
How to use the Indicator
Simple Concept :
{ Signal candle = candle with a Triangle mark }
Long on the High of the Long Signal Candle,
Short on the Low of the Short Signal Candle
Exit on the Candle where "X" is present
For Long / Buy Signals {refer image below}
For Short / Sell Signals {refer image below}
https://www.tradingview.com/x/GPhywgDj/
Provisions for Alerts
Listed below are the Types of Alerts :
BUY SIGNAL
SELL SIGNAL
BOTH BUY/SELL SIGNAL
ALL STOP / EXIT SIGNALS
EXIT FROM LONG
EXIT FROM SHORT
What Securities will it work upon ?
The indicator works on every liquid security : stocks, futures, futures of indexes, forex, crypto : Having a Volume Informations provided by tradingview
Since the Indicator uses Volume Effort Estimation, The securities that you can apply the indicator on should be liquid
How to Get Access
Just Private Message me, would be happy to help you out !
Do not use comment box for asking for access, use it only for constructive feedbacks
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Ankit_1618 for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Just Private Message me, would be happy to help you out !
Do not use comment box for asking for access, use it only for constructive feedbacks
Want to use this script on a chart?
Warning: please read before requesting access.
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About me
AlgoTrading Certification, (University of Oxford, Säid Business School)
PGP Research Analysis, (NISM)
Electronics Engineer
→ ocstrader.com
→ bit.ly/ocs_ai_trader
About me
AlgoTrading Certification, (University of Oxford, Säid Business School)
PGP Research Analysis, (NISM)
Electronics Engineer
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.