Hello!
This script "Monte Carlo (Polyline Traceback) " performs a Monte Carlo simulation using polylines!
By using polylines, and tracing back the initial simulation to its origin point, we can better replicate the ideal output of a Monte Carlo simulation!
Such as:
The image above shows the output of a simulation (image sourced outside TV).
With this...
Hello!
This script “Monte Carlo Simulation - Your Strategy” uses Monte Carlo simulations for your inputted strategy returns or the asset on your chart!
Features
Monte Carlo Simulation: Performs Monte Carlo simulation to generate multiple future paths.
Asset Price or Strategy: Can simulate either future asset prices based on historical log returns or a...
Hello All,
Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net.
In this script I tried to make Monte Carlo...
![SPY: Monte Carlo (Polyline Traceback) [Kioseff Trading]](https://s3.tradingview.com/l/L1ZVVqbX_mid.png "Monte Carlo (Polyline Traceback) [Kioseff Trading]")
![BTCUSDT.P: Monte Carlo Simulation - Your Strategy [Kioseff Trading]](https://s3.tradingview.com/c/cvEVOXaH_mid.png "Monte Carlo Simulation - Your Strategy [Kioseff Trading]")
