Probability Bands [Anan]

Hello Friends,,,
This indicator is based on Bayes' Theorem and is fully based on probabilities.
Formula For Bayes' Theorem:

P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear)

Bull and Bear are events and P is probability
P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear
P(Bear∣Bull) is the conditional probability or likelihood, the degree of belief in Bear given that proposition of Bull belief (Bull true)
P(Bull) is the prior probability, the probability of Bull belief
P(Bear) is the prior probability, the probability of Bear belief

The indicator output one trend lines and (Bull/Bear) Signal :

Bull/Bear Probability Trend :
when the price is above mid line ==> Up Trend
when the price is below mid line ==> Down Trend

And by using ATR deviation multipliers, we can get ( Bullish / Bearish ) zones

This script is for informational and educational purposes only.
Use of the script does not constitutes professional and/or financial advice.
You alone the sole responsibility of evaluating the script output and risks associated with the use of the script.
Versionshinweise: fix color.
Versionshinweise: fix
Versionshinweise: Fix
Geschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?


Always Thank you!
Bravo!!!! Thank you!!!