Bar Ratio

Bar Ratio is an indicator tool that provides real-time likelihood of the current bar closing up or down (green or red).
Technical status, volatility and time are key elements in this indicator.

From the open of a bar, a ratio of 50% is assumed before changes from factors are considered.
The factors that change the likelihood of a bar closing up or down and their relative weight are listed below.

• Micro-Trend observed over the last 20 bars - up to 2.5%
  
• Macro-Trend observed over the last 70 bars - up to 2.5%
  
• Current bar price against beginning of Micro-Trend - up to 2.5%
  
• Combination of significant change above average volatility and move against direction of Micro-Trend - up to 2.5%
  
• Combination of significant change above average volatility and move against direction of Macro-Trend - up to 2.5%
  
• Previous bar direction up to 10 consecutive bars - up to 3.75%
  
• Current status of bar (higher or lower) - up to 3.75%
  
• Significance of change against average volatility - up to 5%
  
• Time until bar close - up to 25%
  

Total: 100%

If all factors are synchronised, the likelihood of the bar closing up or down can be indicated at a probability of 100%.
While the practical ability for this to be used for trading is limited, the tool can be useful for choosing when it is safe to open a trade.

Time is a key element as the likelihood of the bar remaining at current status by the close of the bar is constantly increasing.
The accuracy of this tool is incredible and should be noted as it's primary trait.

You can find and use this indicator on any time-stamp or security such as Cryptocurrency, Forex, Stocks or Indices.
The Bar Ratio can be located by searching in your public indicator library at the top of your chart and adding it to your screen.

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Name Value Updated. Minor Tweaks