Available translations

Probabilities: Return

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Summary: This is an indicator that uses the Periodic Return (PR), a Moving Average (MA) of 200 periods and Standard Deviation to calculate probabilities of future price action.
Return on the Charts
This indicator produces multiple output values by calculating the periodic return, the 200MA and the sigma (standard deviation) value:
  • Periodic Return (PR): this is calculated by taking the natural logarithm of the ratio of candle close divided by the previous candle close: ln(candle.close/candle.previous.close)
  • UpValues: A series of probability points based on the MA value added to the sigma multiplied by a standard deviation factor of 0.53, 1.03, 2.34, 2.95 and 4.87 to get HP30, HP15, HP1, HP02 and HP01 respectively.
  • Down Values: A series of probability points based on the MA subtracted by the sigma value multiplied by a standard deviation factor of 0.53, 1.03, 2.34, 2.95 and 4.87 to get LP30, LP15, LP1, LP02 and LP01 respectively.
The length of the calculation can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under ’Return probabilities’ Product Definition.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
Return probabilities RPB pr, l01, l02, l1, l15, l30, h01, h02, h1, h15, h30
Example:
Examples of accessing this indicator can be found below:
 chart.at01hs.RPB.pr 
 chart.at01hs.RPB.l02 
 chart.at01hs.RPB.l15 
 chart.at01hs.RPB.h01 
 chart.at01hs.RPB.h1 
 chart.at01hs.RPB.h15
Maintainer:
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