OPEN-SOURCE SCRIPT

Price Scenarios - The Quant Science

GENERAL OVERVIEW
Price Scenarios - The Quant Science is a quantitative statistical indicator that provides a forecast probability about future prices moving using the mathematical-statistical formula of statistical probability and expected value.
https://www.tradingview.com/x/OelfF4iR/

HOW TO USE
The indicator displays arrow-shaped signals that represent the probable future price movement calculated by the indicator, including the current percentage probability. Additionally, the candlesticks are colored based on the predicted direction to facilitate visual analysis. By default, green is used for bullish movements and red for bearish movements. The trader can set the analysis period (default value is 200) and the percentage threshold of probability to consider (default value is greater than 0.50 or 50%) through the user interface.
https://www.tradingview.com/x/Xw6iQecO/

USER INTERFACE
Lenght analysis: with this features you can handle the length of the dataset to be used for estimating statistical probabilities.
https://www.tradingview.com/x/PBUbP0O3/

Expected value: with this feature you can handle the threshold of the expected value to filter, only probabilities greater than this threshold will be considered by the model. By default, it is set to 0.50, which is equivalent to 50%.
https://www.tradingview.com/x/XjAUkspn/

Design Settings: modify the colors of your indicator with just a few clicks by managing this function.
https://www.tradingview.com/x/WAQySPHn/

We recommend disabling 'Wick' and 'Border' from the settings panel for a smoother and more efficient user experience.
https://www.tradingview.com/x/ZvTAJ1vC/
autocorrelationforecastingtechniquesindicatorsprobabilitiesquantitativestatistics

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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🔥Development Service: it.fiverr.com/thequantscience
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