Pinescriptlabs Store indicators:                        Pinescriptlabs  Store cBots :  (cBot) Gold & BTC BreakoutSession Pivots(new)

Trailing Smart Algorithm (New)

S&R Structural ZigZag                                

ZigZag

 BOS & CHOCH

Zones Supply Demand

Leverage Liquidation Map

Auto-Trend Channel

Volume POC Heatmap

PREMIUM SSL CHANNEL

Prediction Based on Linreg & ATR

 ICT Power of 3 
                                                   

SmartTrend Support &
Resistance
Lines       

Fair Value Gap Sessions           
       
 

RSI Trend Trigger

Channel Breakout System

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic
Market Structure
Analysis
of
Turning
Points

Order Block

Fibonacci
Linear
Regression
Multi-timeframe

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level
Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto
Support and
Resistance
Trend
Lines

All
Support and
Resistance
Levels

Dynamic Range Momentum

This algorithm determines the likelihood of the price reaching a new high or low and represents it as a level on the chart, accompanied by its corresponding percentage. This calculation is backtested, and the results are displayed in a table, making it easy to understand the probability of the next candle setting a new high or low. 📈📉

How does it work? 🛠️

1. Probabilities of New Highs and Lows 🎯
2. • The algorithm analyzes past price behavior to calculate the probability of the price making a new high or low in the next candle.
   • For example, if the probability of a new high is 70%, it’s more likely the price will go up. ⬆️
2. Levels with Percentages 📏
3. • It draws horizontal lines on the chart representing key levels, along with a percentage indicating the probability of the price reaching that level.
   • These levels are calculated using a percentage you define (e.g., 1%).
3. Statistics Panel 📊
4. • It shows how many times the price has reached those levels (successes) and how many times it hasn’t.
   • It also provides an effectiveness percentage, telling you if those levels have been reliable in the past. ✅❌

What is it for? 

• Understand price direction: Helps you know whether the price is more likely to go up or down in the next candle. ⬆️⬇️
• Manage risk: If a level has a low probability, you can avoid it to reduce risky decisions.

How would you use it? 

1. Observe the levels: Look at the lines the algorithm draws on the chart. 👀
2. Check the probabilities: If a level has a high probability (e.g., 70%), it’s more likely the price will reach it. 📈
3. Use the statistics panel: Review whether those levels have worked well in the past to decide if you trust them. 📊