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Description of the MonteCarloBands Indicator The   MonteCarloBands   indicator is a forward-looking analytical tool that employs the Monte Carlo method to project potential future price scenarios of a financial asset. It appears as a set of five percentile bands extending into the future, visualizing a "probability cone" based on the historical behavior of the market. Visual Appearance: P50 (Median) : Solid green line at the center, representing the expected median path P25 and P75 : Two orange