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Trend Probability Oscillator

Simple to read and powerful, no fancy lines and drawings to clutter your chart or distract you.

The trend probability oscillator estimates how likely a trend will continue in a certain period. The cummulator period controls how many bars in the past to use and is a proxy for the timescale the trend probability should hold. The use of a Max Line improves this further by indicating when a trend is likely to reverse. In most cases a trend must lose momentum before reversing. Hence, a trend probability departure from a strong Max Line can be a good indication of trend reversal.


Trend probability more than 0 is the likelihood of an uptrend with 1 being the highest probability

Trend probability less than 0 is the likelihood of an downtrend with -1 being the highest probability

The  Max Line is a very important feature to provide a reference of the recent strongest probability



Input

Cummulator Period: Accumulation Period for calculating trend probability

Max Line Period: Period to check for strongest trend probability

Output

Buffer 0: Trend Probability --- Ranges from -1 to 1. 1 indicates strongest uptrend and -1 indicates strongest downtrend

Buffer 1: Max Line --- Ranges from -1 to 1. The strongest recent Trend Probability ( up to Max Line Period)

Buffer 2-7: Calculation Buffer, do not use.


*Disclaimer

As with all patterns and indicators, anomalous market actions may cause unusual behaviors. No guarantees of future repeatability and/or accuracy is possible.

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Trend Trading es un indicador diseñado para sacar el máximo provecho posible de las tendencias que tienen lugar en el mercado, mediante el cronometraje de retrocesos y rupturas. Encuentra oportunidades comerciales al analizar qué está haciendo el precio durante las tendencias establecidas. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Opere en los mercados financieros con confianza y eficiencia Aproveche las tendencias establecidas sin s
Introduction to Fibonacci Volatility Indicator Volatility indicator can help you to detect any statistical advantage for your trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend to use the Volatility indicator together with your strategy. Especically, Fibonacci Volatility indicator combines the market volatiltiy with Fibonacci Analysis to provide you more advanced volatiltiy indicator. Main Features Fibonacci Volatility in Z score Configuration Mode Fi
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