Probability Bands [Anan]

2020년 12월 12일

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

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

where:
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
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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



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Disclaimer:
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.
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2020년 12월 12일

릴리즈 노트

fix color.

2020년 12월 12일

릴리즈 노트

fix

2021년 3월 21일

릴리즈 노트

Fix