Guassian Distribution Forecast [prediction intervals]

The Indicator

The Indicator combines volatility and frequency distributions to forecast an area of possible price expansion with an approximate confidence interval / level and level of significance (significance level).

The Script Formula

Additional comments

To alter the models forecasting precision to reflect a given confidence interval, e.g the 90% confidence level (C.L.), use the 1.64 multiplier (toggle value in "Standard normal distribution sd" setting), to use a specific C.L., e.g. the 85th percentile either search for this on google, or calculate it yourself using a Standard Normal Distribution Probability table. Additionaly volatility may be changed by toggling the lookback period setting, this can be thought of as widening the distribution tails.

The look forward parameter is currently fixed at 20, this is because it does not currently work correctly with higher integers, I will try resolve this problem and any other bugs as soon as possible

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。