by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.
Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1172 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1134 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1097
Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1289 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1326 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1363
Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2871 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2835 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2800
Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3042 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3077 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3113
Long position 1 (The price today will not fall below this mark with a probability of 68%) 105.37 Long position 2 (The price today will not fall below this mark with a probability of 95%) 104.78 Long position 3 (The price today will not fall below this mark with a probability of 99%) 104.20
Short position 1 (The price today will not rise above this mark with a probability of 68%) 106.81 Short position 2 (The price today will not rise above this mark with a probability of 95%) 107.39 Short position 3 (The price today will not rise above this mark with a probability of 99%) 107.97
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.