Probability_Vega is a breakout probability indicator designed for trading across multiple markets including forex, indices, commodities, and cryptocurrencies. It analyzes historical price action to estimate the likelihood of price breaking above or below key levels derived from the previous bar’s high and low. The indicator enhances these probabilities by incorporating proximity to support and resistance zones identified via a ZigZag pivot algorithm. Breakout levels near significant market structure points receive adjusted probability values, which are displayed on the chart with percentage labels. A statistics panel tracks the performance of breakout signals relative to key zones.

The indicator supports various trading styles and timeframes: scalpers can use it on M1 to M15 charts for quick breakout entries; swing traders can apply it on H1 to H4 charts to identify trend-following breakout setups. Risk managers benefit from probability percentages and backtest statistics to set stop-loss and take-profit levels aligned with risk-reward preferences. Customizable settings allow adaptation to different market volatilities. The indicator visually presents breakout probabilities and key levels to assist traders in decision-making based on historical price behavior and market structure.