RicardoSantos

Example: Monte Carlo Simulation

Experimental:

Example execution of Monte Carlo Simulation applied to the markets(this is my interpretation of the algo so inconsistencys may appear).

note:
  • the algorithm is very demanding so performance is limited.
Release Notes: added extra comments on the script, description to parameters..
Release Notes: removed the custom pseudo random generator function in favor of the new builtin random() function.
Release Notes: moved lines to builtin array, now supports depth up to 99
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

with your unique abilities, we will soon be able to look forward to the future:) Thanks!
+12 Reply
Maestro, pioneer of innovative techniques. thanks alot for your enormous contributions to the community
+7 Reply
@RicardoSantos
so let me ask you when do we know if its long or short?
+5 Reply
extazzy666 TradeBuddy2019
@TradeBuddy2019, with help of support and resistance
Reply
great work !
+2 Reply
brilliant
+2 Reply
Many thanks sir.
+1 Reply
Awesome script, Maestro!!!
+1 Reply
Proudly appreciated RicardoSantos for your generosity!
+1 Reply
Wow!! what a talent man :) Thanks for sharing it.
I have noticed a potential issue that when new bars are loaded, the Monte Carlo stops predicting. Is there a way to reset calculations when a new bar is loaded ? the only other way it can start working is when it is deleted and re-added to the chart
Reply
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