This "chinese dragon" indicator plots two SMA for the specified periods and their possible movements in the future using stochastic processes under the hood.
It's experimental and FREE because I haven't enough time to test it on each instrument and timeframe due to my main job (I'm really tired this year). So, I invite you to become volunteers and test it. I will be glad to receive any feedback and suggestions from you.
If you want to try it out you can leave a comment or PM me to get access.
How should a user read this indicator? Do you have instruction?
everget
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@Bovem The blue lines represent the possible future movements of the 1st SMA, the red lines - the same for the 2nd. Such trajectories are obtained by a stochastic modelling engine that script has.
This version is closed for now, because I am working on the advanced and simplified version.
@StephPortocarrero, no way, sir. It was published for user acceptance and testing only. Trials and tests ended in the last winter.
The updated comlete version can be found here:
tradingview.com/script/sMBw9un6-SMA-Stochastic-Forecast/
ImmortalFreedom
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Browsing around late tonight, I have to admit, this is seriously impressive. You're definitely on to something here. Don't let this one fall into the dust bin of history of thought. It just needs needs a little finesse to improve its quality of accuracy, at a later date unknown I presume, with a spontaneous moment of clarity out of the blue. This moving average prognosticator reminds me of hurricane forecasting using the multiple golf balls theory, but applicable to the markets. Definitely on the verge of cutting edge predictive indicators of the future I envision. Anyhow, I commend you on this novel idea, keep at it! Happy New Year everget!!!