This is an experimental study designed to forecast the range of price movement from a specified starting point using a Monte Carlo simulation.
Monte Carlo experiments are a broad class of computational algorithms that utilize random sampling to derive real world numerical results.
These types of algorithms have a number of applications in numerous fields of study...
This indicator simulates the physics of a particle attracted by a distance-dependent force towards the evolving value of the series it's applied to.
Its parameters include:
The mass of the particle
The exponent of the force function f=d^x
A "medium damping factor" (viscosity of the universe)
Compression/extension damping factors (for simulating...
This script generates pseudo-random asset data . Due to the nature of the random generator, it is impossible to use this indicator as input for other indicators because the instance of the script that the indicator is applied to will automatically be different from the instance that is plotted on the chart. Therefore, the idea is to use this script in other...
Example execution of Monte Carlo Simulation applied to the markets(this is my interpretation of the algo so inconsistencys may appear).
the algorithm is very demanding so performance is limited.
This is my "Pine Color Magic and Chart Theme Simulator" display using Pine Script version 4.0. The purpose of this colorcator is to show colors that are most suitable in my opinion for developing Pine scripts not using Pine's built-in colors. I would not qualify Pine built-in colors as visually appealing as they currently exist. Hopefully that will improve after...
Great Expectations helps traders answer the question: What is possible? It is a powerful question, yet exploration of the unknown always entails risk. A more complete set of questions better suited to traders could be:
What opportunity exists from any given point on a chart?
What portion of this opportunity can be realistically captured?
What risk will be...
This simple script uses the idea of inertia of the market. if 2 previous candles have the same color, current meant to have that too. Following this signal is equal to buying a binary option on the start of the bar (week here). Signals are shown as arrows on the series. The color of the bar shows the outcome of the current option: yellow is success, black is...