OPEN-SOURCE SCRIPT
Inside Day Probability
The "Inside Day Probability" indicator is a tool developed for market analysis on the TradingView platform. Its main objective is to calculate the probability of success of a pattern known as "Inside Day" (Día Interior in Spanish).
An Inside Day occurs when the price range (difference between the high and low) of a candle is completely contained within the price range of the previous candle. This pattern indicates a consolidation in the market and is usually followed by a sharp move in a certain direction.
The indicator uses a combination of statistical and mathematical analysis to determine the probability that an Inside Day will result in a successful market move. It is based on historical data and past patterns to calculate the probability of a significant price rise or sharp decline following an Inside Day.
The indicator provides a graphical display of the probability of success, usually in the form of a percentage value or a color scale. This allows traders to easily identify potentially profitable trading opportunities based on the occurrence of Inside Days.
It is important to note that this indicator is a decision support tool and does not guarantee accurate results in all cases. It is recommended to use it in conjunction with other technical analysis tools and consider other relevant factors before making operations in the financial market.
Remember that the proper interpretation and use of this indicator requires an understanding and knowledge of technical analysis and trading principles.
An Inside Day occurs when the price range (difference between the high and low) of a candle is completely contained within the price range of the previous candle. This pattern indicates a consolidation in the market and is usually followed by a sharp move in a certain direction.
The indicator uses a combination of statistical and mathematical analysis to determine the probability that an Inside Day will result in a successful market move. It is based on historical data and past patterns to calculate the probability of a significant price rise or sharp decline following an Inside Day.
The indicator provides a graphical display of the probability of success, usually in the form of a percentage value or a color scale. This allows traders to easily identify potentially profitable trading opportunities based on the occurrence of Inside Days.
It is important to note that this indicator is a decision support tool and does not guarantee accurate results in all cases. It is recommended to use it in conjunction with other technical analysis tools and consider other relevant factors before making operations in the financial market.
Remember that the proper interpretation and use of this indicator requires an understanding and knowledge of technical analysis and trading principles.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.