plots randomly generated price (closing basis) from LHS of the chart. Re-plots each time you scroll -just a curiosity really; perhaps a lesson in seeing patterns where there are none; 'fooled by randomness' etc. -always anchors/starts from the real close of the asset on the visible Left hand side of the chart. -adjust ATR as you like (bigger = probably more...
" tHe MaRkEtS aRe RaNdOm ", say moron academics. The purpose of this study is to show that most markets are NOT random! Most markets show a clear bias where we can make such easy money, that a random number generator can do it. === HOW THE INDICATOR WORKS === The study will randomly enter the market The study will randomly exit the market if in a trade ...
These are my "Pseudo-Random Number Generators via Pine Script", having uniform distribution between 0 and 1. In my quest for sequential pseudo-random numbers in Pine, tinkering with mathematical chaos, I have come up with these three simple yet handy generators. I believe these may be useful in the future by developers of the Tradingview community. NOTICE: Use...
Understanding the Random Walk Simulation This indicator randomly generates alternative price outcomes derived from the price movements of the underlying security. Monte Carlo methods rely on repeated random sampling to create a data set that has the same characteristics as the sample source, representing examples of alternate outcomes. The data set created using...