Tutorial 30

## The 'Probability' indicator

This tutorial will cover how to use the 'Probability' indicator.

'Probability' is composed of 75 indicators.

User-friendly as always:

• Blue = More indicators are going up.
- The higher the blue goes = More indicators agreeing in an upward direction.

• Red = More indicators are going down.
- The lower the red goes = More indicators agreeing in a downward direction.

• Brighter colours = Vast majority of indicators agreeing in the same direction.

• White = Weakness/Pullback/Equilibrium.

Option 1.

• Buying the first blue bar/candle, leaving that position open all the way up while it's blue and closing when 'Probability' turns white or red offers a higher probability.

• Short selling the first red bar/candle, leaving that position open all the way down while it's red and closing when 'Probability' turns white or blue offers a higher probability.

Option 2.

• Buying the first blue bar/candle that crosses over 60%▲ 45/75, leaving that position open all the way up while it's blue and closing when 'Probability' turns back under 60%▲ 45/75 offers a higher probability.

• Short selling the first red bar/candle that crosses under -60%▼ -45/75, leaving that position open all the way down while it's red and closing when 'Probability' turns back over -60%▼ -45/75 offers a higher probability.

There are many other settings available. Let's look into it.

Basically, there are 2 main lines/graphs. 'Primary' and 'Secondary'. As a result, 2 graphs are displayed, one inside the other, to increase the odds. By default, 'Primary' is set to 'All (75)' and 'Secondary' is set to 'Dynamics (47)'.

You can set the 'Primary' or the 'Secondary' lines/graphs to 'All (75)', 'Dynamics (47)', 'Technicals (28)', or other packs.

'All' is composed of 75 indicators. (The right scale then goes from -75 to 75.)
100%▲ 75/75 means that all 75 indicators are going up.
-100%▼ -75/75 means that all 75 indicators are going down.
0% 37/75 means that half are going up and half are going down.

For 'Primary' or 'Secondary', you can also select 'Dynamics', composed of 47 indicators. (Template, Strength, Angle, BearBull Powers, Volatility, Volume, ...)
100%▲ 47/47 means that all 47 dynamic indicators are going up.
-100%▼ -47/47 means that all 47 dynamic indicators are going down.
0% 23/47 means that half are going up and half are going down.

For 'Primary' or 'Secondary', you can also select 'Technicals', composed of 28 more sensitive indicators.
100%▲ 28/28 means that all 28 sensitive indicators are going up.
-100%▼ -28/28 means that all 28 sensitive indicators are going down.
0% 14/28 means that half are going up and half are going down.

The volume is at 65%, which means that it's 35% lower than average (average is 100%).
The bar length is of 50%, half the average bar length (average is 100%).

In 'Add-on', add 'Angle Format' to display 'Probability' in the format of the 'Angle' indicator.

Add the 'Intensity' background paint by selecting its source: Primary' or 'Secondary'. For example, choose 'Primary' where 'All' was selected.

As a result, 75 indicators will be used to create the 'Intensity' of the background paint.

Keep the 'Flat' box checked to display a white horizontal line where the maket is flat.

You can also 'Highlight' the flat zones OR the white, red and/or blue areas.

For example, in a downtrend, selecting 'White & Blue' highlights all the pullbacks.

Check 'Max lines' and/or 'Min lines' to display high probability trigger and limit lines.

For example, when 'All' is selected in 'Primary', checking the 'Max Lines' will identify the 60%▲ 45/75 buy zone and the -60%▼ -45/75 short sell zone.

An alert can be set to trigger on 'Primary', 'Secondary' and/or when 'Primary + Secondary' BOTH match the requirement.

Select the requirement:
• '5 colors' = To be alerted on all 5 color change. (Vivid Blue, Mid Blue, White, Mid Red, Vivid Red.)
• '3 colors' = To be alerted on 3 main color change. (Blue, White, Red.)
• 'Vivid' = To be alerted only when the color becomes Vivid.
• 'Percent' = To be alerted when the percent set in the 'Primary/Secondary Alert Percent' field is reached.
• 'Number' = To be alerted when the percent set in the 'Primary/Secondary Alert Number' field is reached.
• 'Max Lines' = To be alerted when the Max Lines are crossed.
• 'Min Lines' = To be alerted when the Min Lines are crossed.
• 'Zero' = To be alerted each time zero is crossed.

Check:
BarEnd = To be alerted at the end of the bar.
InBar = To be alerted inside the bar.

• Check the 'Flat Alert' box to be alerted when the price enters and exits a flat zone. Check 'BarEnd' and/or 'InBar'.

• Check the 'Spike Alert' box to be alerted when the price spikes in opposite direction of the trend.

(Note: Make sure to select your preferred time frame before creating the alert.)

1. Move your mouse over the title 'Probability' and click on 'More' options ('3 dots' icon).

The Create Alert window will appear.

3. In 'Settings',
Condition': Select 'Probability' and 'Any alert() function call' (which means: Use the alert(s) set in 'Probability').
• Choose the 'Expiration time' and name the alert (use a very short title/description).

4. In 'Notifications', select how you prefer to be notified (On app, pop up, email, sms, ...).

Lastly, click on 'Create'.

Welcome!
Introduction

Tutorial 1:

Tutorial 2:

Tutorial 3:
Chart Set-up and Layout tutorial.

Tutorial 6:
Template tutorial.

Tutorial 7:
Template strategies tutorial.

Tutorial 8:
Paint Bar tutorial.

Tutorial 9:
Waves tutorial.

Tutorial 10:
Cloud tutorial.

Tutorial 11:
Background Color tutorial.

Tutorial 12:
Stop Loss tutorial.

Tutorial 13:
Steepness Background tutorial.

Tutorial 14:
Steepness tutorial.

Tutorial 15:
Phase tutorial.

Tutorial 16:
Intensity tutorial.

Tutorial 17:

Tutorial 18:
Several indicators acting together tutorial.

Tutorial 19:
Tops and Bottoms indicator tutorial.

Tutorial 20:
Angle indicator tutorial.

Tutorial 21:
Bear & Bull Powers indicator tutorial.

Tutorial 22:
Histogram indicator tutorial.

Tutorial 23:
Strength indicator tutorial.

Tutorial 24:
Volatility indicator tutorial.

Tutorial 25:
Trends tutorial.

Tutorial 26:
Technicals indicator tutorial.

Tutorial 27:
Energy indicator tutorial.

Tutorial 28:
Chain indicator tutorial.

Tutorial 29:

Tutorial 30:
Probability tutorial.

Tutorial 31:
Odds tutorial.

Tutorial 32:
Performance tutorial.

Tutorial 33:
Volume tutorial.

Tutorial 34:
Multi Time Frame tutorial.

Tutorial 35:
Multi Renko tutorial.

Tutorial 36:
Compare Forex tutorial.

Tutorial 38:
Forex Strategy tutorial.

Tutorial 39:
Currencies tutorial.

Tutorial 40:
Compare Crypto tutorial.

Tutorial 41:
Crypto Board tutorial.

Tutorial 42:
Crypto Strategy tutorial.

Tutorial 43:
Compare Stocks tutorial.

Tutorial 44:
Stocks Board tutorial.

Tutorial 45:
Trend lines drawing tutorial.

Tutorial 46:
Renko chart tutorial.

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