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RicardoSantos

Example: Monte Carlo Simulation

RicardoSantos Wizard Updated   
Breadth Indicators Trend Analysis Volatility experimental MONTECARLO simulations random decisiontree path node
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breadthstudies trendanalysis volatility experimental montecarlo simulations random decisiontree path node
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
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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