Coding the Directional Probability Index in TradingView.

Creating the Directional Probability Index in Pine Script.

This article discusses a simple indicator used to detect the current regime and to give contrarian signals. It is important to understand how to use indicators and how they are calculated in order to tweak them and know their limitations.

I have just released a new book after the success of my previous one “The Book of Trading Strategies”. It features ad…