The Hurst Exponent (Simple) by @balipour, is used as a measure of long-term memory of time series. When Hurst is above .5 it is telling you Volatility is High and that the Market is Trending, when the Hurst is below .5 it is telling you That Volatility is Low and that the Market is Mean Reverting. You can see in the previous examples that when you use the...
This is a recently published indicator by @balipour and the Incredible Braintrust at POW. As you can see when you use another Free indicator from Balipour called the Correlation Coefficient and you correlate the HVE (Historical Volatility Estimator) to Price action that it will give you direction of the impending move created by a Volatility expansion. The...
95% of the time RETURNS are in the Random Walk of Brownian motion. There is only the Standard Deviation of Returns, and the Standard Deviation of Returns is VOLATILITY. What you are looking at is 3 Probability Cones projecting out that Random Walk within the 1st Standard Deviation at 68.3%, the 2nd Standard Deviation at 95.4%, and the 3rd Standard Deviation at...
Probability Cone is based on the Expected Move. While Expected Move only shows the historical value band on every bar, probability panel extend the period in the future and plot a cone or curve shape of the probable range. It plots the range from bar 1 all the way to bar 31. In this model, we assume asset price follows a log-normal distribution and the log...