Trend Precognition - Mtrl_Scientist (arrow-only) — Indicator by Mtrl_Scientist

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Hey everybody,

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.

Release Notes:

Updated plot names for selecting alert conditions.

Release Notes:

Another change to alert options...

Release Notes:

Added optional alternative algorithm. This is all still very experimental, so don't forget to use stop-loss!

Release Notes:

Big update:
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 ( Legacy, Reactive, and Probability Score).

Material Indicators

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Mtrl_Scientist for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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