Probability of Touch Based on Technicals (POTBOT)
Probability Of Touching is a term traditionally used in options pricing. It allows you to see what traders think will happen to an underlying stock price over the life of an option. Probability Of Touching Based On Techincals (POTBOT) is a new template in EdgeRater that allows you to analyze the probability of price touching certain levels after a technical event has occurred. Using these two types of probability can give you some insight into selecting the best trade vehicle for an expected move. POT is based on traders current opinion about future price and POTBOT is based on historical price action following a specific technical event.
- CategoryPRO Tools
- Release DateMay 2016
- TagsBacktesting, PRO Tools