This tutorial will cover how to use the 'Odds' indicator.
Add the 'Odds' indicator to your chart.
This indicator calculates the odds.
•The higher and brighter the blue goes, the greatest the odds are of going up (bullish).
•The lower and brighter the red goes, the greatest the odds are of going down (bearish).
3 different styles are available. 'Percent' is the default style.
You may also set it to the 'Density' style.
Or use the 'Graph' style.
You may see all 3 styles by adding the 'Odds' indicator 3 times unto your chart, and use a different style for each.
Check 'Alert Odds (BarEnd)'.
From the 'Odds' indicator title, select 'More' options (3 dots icon) and then 'Add alert on Odds.'
Conditions: Odds + 'Any alert() function call' to use the alert coded within the indicator. Choose an expiration date and the alert actions. Name the alert. And hit 'Create'.
'Odds' complements the 'Probability' indicator. They work great together.
Add more indicators from our suite to your chart, such as 'Performance' and 'Compare Forex'.
Create your preferred layout and combination of indicators.
Next, we'll look at another indicator of the suite.