Probability Indicator for MT5

Probability Indicator displays volatility bands on the price chart and calculates probabilities of price exceeding specified levels for the next bar, taking trend into account. It does that by performing a statistical analysis of the completed bars in the chart's history, which may include years of data. The volatility bands differ from Bollinger bands in the calculation of standard deviation from the simple moving average, resulting in bands that envelop the range of price swings in a channel that is useful to the trader.


Advantages

  • Plotted bands are more useful than Bollinger bands
  • EMA in relation to SMA indicates trend
  • Trend factors into probability calculations
  • Probability values are printed to the terminal
  • Indicator uses all data in chart history

Features

  • Applies to any time frame
  • Calculate probabilities for high, low, or close of next bar
  • Calculate probabilities for any selected price
  • Reports current price in terms of standard deviation from SMA

Inputs

  1. "SMA Periods," bars in simple moving average
  2. "EMA Periods," bars in exponential moving average
  3. "Band standard deviations," distance of bands from SMA
  4. "Use bar highs and lows," calculate probabilities for maximum price swing or for closing price
  5. "Use Bollinger calculation," plot by Bollinger method or by improved method
  6. "Significant digits," set precision of numbers in terminal
  7. "Exclusion threshold," explained in User's Guide

The User's Guide details the theory of operation and how to use Probability Indicator.


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Gold Stuff mt5 is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. Contact me immediately after the purchase to get   personal bonus!  You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings  and manual   here  Please note that I do not sell my EA's or special sets on telegram, it is only available on Mql5 and my set files are on
Crystal Quantum Pro
Muhammad Jawad Shabir
5 (3)
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CRYSTAL QUANTUM PRO Institutional Signal & Trade Intelligence for MetaTrader 5 Final Price: 199 USD ----> Price goes up 10 USD after every 10 sales. Limited launch slots available, act fast. Most indicators give you an arrow and leave you alone. A naked arrow is a gamble. Winning consistently requires CONFLUENCE , a clear STOP and TARGET , and honest PROOF that the system works. Crystal Quantum Pro delivers all three in one clean, no-repaint package. Crystal Quantum Pro is a complete decision sy
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