Prob% Calculator (Indicator)
DisclaimerInput Information
| Name | Expression | Default | Description |
| HighTarget | Numeric | Close of asset * 1.1 | Value of the high target price. |
| Low Target | Numeric | Close of asset * .9 | Value of the low target price. |
| CurrentPrice | Numeric | Close of asset | Value of current asset price. |
| LookAheadDays | Numeric | 0 | Value of days to look ahead. |
| TargetVolty | Numeric | 0 | Value of volatility for future assumption. |
Market Synopsis
The Prob% Calculator indicator is used in the Positions pane in OptionStation Analysis. It calculates in real time the probability of the underlying asset reaching a target price, on a specified date, based on the current volatility. The calculations are also dynamically updated in real time. It can also be used to determine the probability, in percentage, of an underlying asset reaching a specific price by a specific date, based on a specific volatility. The indicator will display the probability of trading above the highest target, lowest target, and trading between the two target prices.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | Above High % | Black | Plots the probability of the asset being at or above the high target on the target date. |
| Plot2 | Below Low % | Black | Plots the probability of the asset being at or below the low target on the target date. |
| Plot3 | Between % Target Date | Black | Plots the probability of the asset being between the high and low targets on the target date. |
| Plot4 | Components | Black | Plots the component inputs. |
When applied to the Positions pane in OptionStation Analysis, this indicator displays 4 plot columns for each position.