OPEN-SOURCE SCRIPT
Probability of Touch [racer8]
This indicator calculates the probability of touch for a stop loss...the probability that it will be triggered. Does it really calculate probability? Yes, it gives you an idea of the probability of being stopped out of a trade... but results are not guaranteed as this is a theoretical formula I developed on my own. Nevertheless, use this at your own discretion...and hope you enjoy it ;)
FYI: This indicator was inspired by the Probability of Touch concept in options trading!
FYI: This indicator was inspired by the Probability of Touch concept in options trading!
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