Description
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.
Input Parameters
| Parameter | Description |
|---|---|
period
|
The number of upcoming bars for which price action is forecasted. |
prob range
|
The probability with which price will stay within the calculated range. |
Plots
| Plot | Description |
|---|---|
UpProbExp
|
The upper part of probability curve. |
DownProbExp
|
The lower part of probability curve. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.