Monte Carlo (Polyline Traceback) [Kioseff Trading]Hello!
This script "Monte Carlo (Polyline Traceback) " performs a Monte Carlo simulation using polylines!
By using polylines, and tracing back the initial simulation to its origin point, we can better replicate the ideal output of a Monte Carlo simulation!
Such as:
The image above shows the output of a simulation (image sourced outside TV).
With this script, and polyline capabilities, we can come quite close on TradingView.
The image above shows the indicator in action! Not bad considering the ideal output.
Of course, the script is quite heavy and tries its best to circumvent limitations :D
You might run into load time errors, in which case you might try applying the built-in setting "Force Script Load". This setting will cut-off the visuals for some simulations, but has a higher chance of passing load-time limitations!
As shown in the image above, you can select to only show worst-case and best-case simulations. Using this option will reduce chart lag and improve load times.
Features
Monte Carlo Simulation: Performs Monte Carlo simulation to generate multiple future paths.
Asset Price: Can simulate future asset prices based on historical log returns.
Statistical Methods: Offers two simulation methods—Gaussian (Normal) distribution and Bootstrapping.
Adjustable Parameters: Offers numerous user-adjustable settings like number of simulations, forecast length, and more.
Historical Data Points: Option to specify the amount of historical data to be used in the simulation (price).
Best/Worst Case: Allows you to show only the best case / worst case outcome (range) for all simulations!
Thank you!
Kioseff
Bull Vs Bear Visible Range VP [Kioseff Trading]Hello!
This Script “Bull vs Bear Visible Range VP” Calculates Bull & Bear Volume Profiles for the Visible Range Alongside a Delta Ladder for the Visible Period!
Features
Volume Profile Anchored to Visible Range
Delta Ladder Anchored to Visible Range
Bull vs Bear Profiles!
Standard Poc and Value Area Lines, in Addition to Separated POCs and Value Area Lines for Bull Profiles and Bear Profiles
Configurable Value Area Target
Curved Profiles
Up to 9999 Profile Rows per Visible Range
Stylistic Options for Profiles
This Script Generates Bull vs. Bear Volume Profiles for the Visible Range!
Up to 9999 Volume Profile Levels (Price Levels) Can Be Calculated for Each Profile, Thanks to the New Polyline Feature, Allowing For Less Aggregation / More Precision of Volume at Price and Volume Delta.
Bull vs Bear Profiles
The Image Above Shows Primary Functionality!
Green Profiles = Buying Volume
Red Profiles = Selling Volume
Bullish & Bearish Pocs for the Visible Range Are Displayable!
Profiles Can Be Anchored on the Left Side for a More Traditional Look.
The indicator is robust enough to calculate on "small price periods", or for a price period spanning your entire chart fully zoomed out!
That’s About It :D
This Indicator Is Part of a Series Titled “Bull vs. Bear” - A Suite of Profile-Like Indicators I Will Be Releasing Over Coming Days. Thanks for Checking This Out!
If You Have Any Suggestions Please Feel Free to Share!
