The Probability Of Expiring Cone study uses statistical data to forecast future prices with specified probability. It plots a standard deviation bell curve designating ranges within which prices are forecasted to stay for each following expiration Friday.
||The number of upcoming bars for which price action is forecasted.|
||The probability with which price will stay within the calculated range.|
||The upper part of probability curve.|
||The lower part of probability curve.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.