ProbabilityMap® Studies create a drawing area to the right of any bar. This study is most commonly used to chart the continuation of a pattern of activity of a symbol to see what it could look like in the future. They are designed to show color-coded displays of theoretical future price action based on custom, user-defined rules. Normal-distribution-based probability functions for use in the creation of ProbabilityMap® Studies are included.
 EasyLanguage Example:
The following chart shows a ‘Normal Distribution’ Probability Map. This study calculates the probability of the price falling above or below the current closing price, based on the volatility of the symbol in the chart and the time (measured in bars) remaining to that point. |
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| A 'Normal Distribution' Probability Map. |
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