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Price Probabilities
Summary: This is an indicator that uses Exponential Moving Average (EMA) and Average True Range (ATR) to provide probability bands around the price action based on standard deviations.
Price Probabilities on the Charts:
The produced probability bands are not unlike bollinger bands in which they show the volatility level in the price action.
The length of the ATR and the period of the EMA can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under ’Price probabilities’ Product Definition.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| Price probabilities | PPB | l1, l30, h1, h30, l01, l02, h01, h02 |
Example:
Examples of accessing this indicator can be found below:
chart.at02hs.PPB.l1
chart.at10min.PPB.l30
chart.at04hs.PPB.h30
chart.at45min.PPB.h02 Maintainer:
Polus Data Mine — TOC
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