OPEN-SOURCE SCRIPT
P-Signal Gravity
P-Signal Gravity will help you choose a trading strategy, taking into account volatility and exchange commissions. The white circles indicate the probabilistic position of the virtual center of gravity. The reliability parameter determines the probability of finding such a center of gravity. The table shows the latest price and the expected P/L, taking into account the exchange commission, which is also a parameter. Due to the overlay type of indicator, the table also contains p-signal values and its increment.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.