Zeiierman Trading » Indicators » Premium Indicators » Probability Oscillator

Probability Oscillator

Probability Oscillator Trading

 

The Probability Oscillator helps investors make informed decisions by incorporating momentum, price action, and trend into the analysis.

 

Bayesian probability is a method of statistical inference that uses Bayes’ theorem to calculate the probability of an event given prior knowledge about related events. It is a type of probability based on an event’s likelihood, given what is already known about it. It is often used in machine learning and artificial intelligence for making decisions and predictions. It has become increasingly popular as an analytical tool in the trading world due to its ability to provide traders with more accurate and reliable forecasts of future market movements.

 

What is the Momentum Probability Oscillator

 

The Probability Oscillator (Expo) is a proprietary technical indicator created by Zeiierman Trading. The indicator uses advanced Bayesian probability techniques to measure the strength of a financial assets trend. It is also used to identify potential market bottoms and tops. The oscillator displays the probability of a trend continuing in a certain direction (either bullish or bearish). The indicator is designed to help traders identify trends and when a trend has reached its peak, and when it is likely to reverse. The indicator is also useful for identifying false breakouts and for finding entry and exit points for trades

 

How to use the Probability Oscillator in Trading?

 

Bayesian probability can be used in trading to assess the likelihood of a market moving in a certain direction based on historical data and current market conditions. Additionally, Bayesian probability can also help traders identify patterns in the market. By analyzing historical data, traders can identify trading patterns and use them to make more informed decisions. For example, traders can use Bayesian probability to identify potential support or resistance levels, trends, and current momentum in the market and to help determine how the market is likely to move in the future.

 

  1. Identify the current trend
  2. Identify momentum moves within a trend
  3. Identify pullbacks

 

Indicator Features

 

Trend Method

The trader can set different trend methods and lengths to adjust the indicator to different trading styles.

Momentum 

The indicator has momentum dots displayed above and under the probability line. It means that the underlying probability is rising or falling rapidly. It can be a sign of a breakout or reversal

 

 

Subscribe to our membership

TRY IT YOURSELF!

Access the Probability Oscillator Indicator on TradingView

ACCESS THE INDICATOR ON TRADINGVIEW!

“Boost” the script and add it to your FavoritesPlease leave a comment if you like it!

More Indicators

Fair Value Gap Oscillator

Fair Value Gap Oscillator

Fair Value Gap Oscillator The Fair Value Gap Oscillator is an exceptional smart money concept tool that measures oscillations of the market's fair value gaps. It is a leading momentum indicator used to identify the assets' mispricings over time. By understanding how...

Ross Hook Indicator

Ross Hook Indicator

Ross Hook Indicator Access it for free here! Watch the video here!   Technical analysts use historical price data to predict the market and identify trading opportunities in price trends and patterns. This way of reading the market is becoming more and more...

1-2-3 Pattern Indicator

1-2-3 Pattern Indicator

1-2-3 Pattern Indicator Access it for free here! Watch the video here!    The most basic and essential formation in the market is the 1-2-3 pattern. Almost every great move ever made in the market starts from this formation. 1-2-3 pattern initiates trends,...

Curved Stop Loss

Curved Stop Loss

The best stop loss! Improved new stop-loss technique.   Curved Stoploss Our Curved Stoploss automatically calculates the best stop-loss distance based on real-time momentum. Once the algorithm has analyzed the current market characteristics, a curved stop loss is...

False Breakout

False Breakout

False Breakout Indicator  This is one of the best indicators that detects and identifies false breakouts! Breakout Traders can now be notified when there is a false breakout. False Breakout (Expo) This false breakout indicator detects false breakouts in real time. A...

Breakout Probability

Breakout Probability

Breakout Probability The indicator calculates the probability of a new high or low and displays it as a level perfectly on your chart. This indicator is hugely useful for all kinds of Traders!      Breakout Probability (Expo) is a valuable indicator that...

Smart Money Concept

Are you a professional Smart Money Concept Trader? █ This premium version of our SMC indicator includes all advanced Smart Money Concept Trading techniques. The indicator includes all the important concepts such as Market Structure, Change of Character, Current...

Free Smart Money Concept

Are you Trading SMC? - Are you willing to learn how to apply SMC techniques? - Great, this indicator is for you! █ This Smart Money Concept (SMC) indicator is a sophisticated and highly innovative indicator that combines all the necessary features to trade SMC trading...

Machine Learning & Optimization Moving Average

█ An indicator that finds the best moving average We all know that the market change in characteristics over time, volatility , volume , momentum, etc., keep changing. Therefore, traders fine-tune their indicators and strategies to fit the constantly changing market....

Arithmetic Candlesticks

Arithmetic Candlesticks

Arithmetic Candlesticks   Arithmetic Candlesticks uses complex and logical arithmetic mathematics to create a new way of reading charts. These candlesticks use real price data as the underlying source and aim to output the most relevant and accurate price data to...