Trend Precognition - Mtrl_Scientist (arrow-only)
Per request, I'm also adding the arrow-version to the updated base algorithm.
However, I advise everyone to also add the indicator version that I published previously.
Added a probability score that is based on looping through several dozen smoothing periods to identify the most frequent bottom/top areas.
In order not to lose sensitivity, smaller smoothing periods are exponentially more weighted.
The probability score (in %) can be read from the bar height. The arrow-only version of this script also allows to set thresholds to fit your own preferences.
Notice, you can choose from 3 algorithms ([A1] Legacy, [A2] Reactive, and [A3] Probability Score).
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Author's instructions
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Mtrl_Scientist directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.