Probability Effort Scalper [PES]

Probability Effort Scalper
Indicator is made of Two Basic Component

1. Probability Distribution Filter
2. Cumulative Effort Volumes

What is a Probability Distribution Filter ?
A filter which segregate the outcomes of any experiment into binary score of momentum based probabilities, so the filter is actually acting as a classifier to classify the probability of future occurrence of any event { in this case Stock prices going up / going down } { Long/ Short / Exit } by Binomial fitting method.
So the script uses Predictive Differential Filter, for filtering out the probability distribution, it actually uses differential calculations on binomial models.


Basic Assumptions:
That the Stock prices are in semi-strong efficiency
That the Stock prices follow up the Binomial Distribution


What is Cumulative Effort Volume
Effort Volume estimation is the process of predicting the most realistic amount of Volume Required to Push the Prices up or down, Its a group estimation model,
works on law of effort vs results and estimates the flow of the prices, (same as fluid dynamics), it's basically used to justify the harmony and Divergence occurrence in probability distribution.


How to use the Indicator

Simple Concept :
{ Signal candle = candle with a Triangle mark }
Long on the High of the Long Signal Candle,
Short on the Low of the Short Signal Candle
Exit on the Candle where "X" is present

For Long / Buy Signals {refer image below}


For Short / Sell Signals {refer image below}
https://www.tradingview.com/x/GPhywgDj/


Provisions for Alerts
Listed below are the Types of Alerts :
BUY SIGNAL
SELL SIGNAL
BOTH BUY/SELL SIGNAL
ALL STOP / EXIT SIGNALS
EXIT FROM LONG
EXIT FROM SHORT

What Securities will it work upon ?
The indicator works on every liquid security : stocks, futures, futures of indexes, forex, crypto : Having a Volume Informations provided by tradingview
Since the Indicator uses Volume Effort Estimation, The securities that you can apply the indicator on should be liquid


How to Get Access
Just Private Message me, would be happy to help you out !
Do not use comment box for asking for access, use it only for constructive feedbacks