OPEN-SOURCE SCRIPT

Example: Monte Carlo Simulation

Updated
Experimental:

Example execution of Monte Carlo Simulation applied to the markets(this is my interpretation of the algo so inconsistencys may appear).

note:
  • the algorithm is very demanding so performance is limited.
Release Notes
added extra comments on the script, description to parameters..
Release Notes
removed the custom pseudo random generator function in favor of the new builtin random() function.
Release Notes
moved lines to builtin array, now supports depth up to 99
Release Notes
Update for V5
Breadth IndicatorsdecisiontreeexperimentalMONTECARLOnodepathrandomsimulationsTrend AnalysisVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer