Multi-Panel: Trade-Volatility-Probability shows user selected and volatility-based price levels and probabilities on the chart. This is useful for both options and all styles of up/down trading methods that rely on volatility. Trading Panel: Shows trading information to take profits and stop-loss based on multiples of volatility. Also shows equity inputs by...
Library "norminv" Description: An inverse normal distribution is a way to work backwards from a known probability to find an x-value. It is an informal term and doesn't refer to a particular probability distribution. Returns the value of the inverse normal distribution function for a specified value, mean, and standard deviation. Reference: ...
Probability Distribution Histogram During data exploration it is often useful to plot the distribution of the data one is exploring. This indicator plots the distribution of data between different bins. Essentially, what we do is we look at the min and max of the entire data set to determine its range. When we have the range of the data, we decide how many...
Cumulative distribution function (tScore and zScore) This script provides the calculation of the cumulative distribution function (i.e., probability). The measure allows you to calculate the chances of a value of interest being above or below a hypothesized value over the measurement period—nothing fancy here, just good old statistics and mathematics. The closer...
THIS INDICATOR WORK WITH TWO SIGNAL YELLOW AND BLUE (FIRST PROFIT 15PIPS) AN STRONG CROSS YELLOW, BLUE, RED CROSS GREEN (MORE 15 PIPS) FOR TIME FRAME 15 MIN , 5 MIN AND 1H