Kharevsky

P-Signal v1.2

A new program inspires confidence if the code is open and the algorithm
is based on a model whose axioms are beyond doubt.

The pricing process is not deterministic, but it is clearly subject to some kind of law.
In search of an answer I have analyzed the probabilistic space in which the axiom of choice would be fair.
The answer turned out to be unexpectedly simple and quite often discussed - entropy.
P-Signal is based on its properties.

P-Signal v1.2 is an open PINE script unifying version all of previously published P-Signals.
It allows to simultaneously observe the state of entropy of any time-frames.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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