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Gain probability index

PostPosted: Mon May 15, 2017 4:33 pm
by Apprentice
GBPUSD m1 (05-15-2017 2138).png


As described in article Gain Probability Index by Mike B. Siroky, MD ,
June 2017 edition of the S & C magazine
GPI = 100 * [(number up bars) / (number up bars + number down bars)]

Gain probability index.lua
(3.82 KiB) Downloaded 478 times


The indicator was revised and updated

Payoff odds

PostPosted: Mon May 15, 2017 5:01 pm
by Apprentice
GBPUSD H1 (05-15-2017 2232).png

As described in article Gain Probability Index by Mike B. Siroky, MD ,
June 2017 edition of the S & C magazine
Payoff odds = [UP/DN] * [d/u]

UP = sum of up price changes and
u = number of up bars.
DN = sum of down price changes and
d = number of down bars.
Payoff odds.lua
(4.44 KiB) Downloaded 452 times