Price Projection Dynamic is a statistical overlay indicator that projects probable future price paths using Monte Carlo simulation and assesses directional bias via a Bayesian probability classifier. It analyzes recent price history by calculating logarithmic returns to capture both drift (trend) and volatility. The indicator generates up to 200 simulated future price paths, producing five percentile bands (95%, 75%, 50% median, 25%, 5%) that represent optimistic, probable, median, and pessimistic price ranges.
Separately, the Bayesian classifier evaluates market sentiment by analyzing relative volume and momentum over a configurable window, providing a win probability percentage that indicates bullish or bearish confidence. Visual elements include color-coded projection bands (green for bullish, orange for bearish), a median price line, price labels for each percentile, and an info panel displaying Bayesian probability and other metrics.
Key adjustable parameters include the number of simulation iterations, projection horizon, sample depth of historical bars, and classifier window size. The indicator requires bar data with volume and outputs visual projections and directional signals. It is designed to offer a probabilistic framework for anticipating price movement based on recent market behavior, suitable for various symbols including BTCUSD, EURUSD, GBPUSD, XAUUSD, NAS100, and others.