From TradersList Editors
From TradersList Editors
Visualize data spread efficiently by sorting it into customizable bins for detailed analysis and granular insights.
Visualize data spread efficiently by sorting it into customizable bins for detailed analysis and granular insights.
Probability Distribution Histogram Indicator for TradingView: Visualize Data Spread with Custom Bins
Probability Distribution Histogram Indicator for TradingView: Visualize Data Spread with Custom Bins

by lejmer on TradingView

by lejmer on TradingView
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Probability Distribution Histogram
Probability Distribution Histogram
Probability Distribution Histogram is a TradingView Indicator that creates a probability distribution for inputted data by determining its range and dividing it into user defined bins, visualizing how values spread across different intervals.
Probability Distribution Histogram is a TradingView Indicator that creates a probability distribution for inputted data by determining its range and dividing it into user defined bins, visualizing how values spread across different intervals.

Get on TradingView
This indicator is available on TradingView web charting platform. Signing up for a free account is required, no downloads.

Get on TradingView
This indicator is available on TradingView web charting platform. Signing up for a free account is required, no downloads.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
Published by lejmer on TradingView
Published by lejmer on TradingView
Visualizing How Data Spreads Across Intervals
This indicator takes any input data series and creates a histogram showing how values distribute across user-defined bins. Applied to price returns, for example, it shows how often returns fall within specific ranges - revealing whether the distribution is normal, skewed or has fat tails that indicate elevated risk of extreme moves.
Customizable Bins for Flexible Analysis
Users define the number of bins and the data source, making the tool adaptable to various analyses. A trader might bin daily returns into 20 intervals to see the shape of the return distribution, or bin ATR values to understand how volatility has been distributed over time. This flexibility makes it useful for statistical exploration of any data series.
Visualizing How Data Spreads Across Intervals
This indicator takes any input data series and creates a histogram showing how values distribute across user-defined bins. Applied to price returns, for example, it shows how often returns fall within specific ranges - revealing whether the distribution is normal, skewed or has fat tails that indicate elevated risk of extreme moves.
Customizable Bins for Flexible Analysis
Users define the number of bins and the data source, making the tool adaptable to various analyses. A trader might bin daily returns into 20 intervals to see the shape of the return distribution, or bin ATR values to understand how volatility has been distributed over time. This flexibility makes it useful for statistical exploration of any data series.
Identifying Skewness and Fat Tails
A normally distributed histogram is symmetrical around its center. If the histogram shows a skew to the left, negative returns occur more frequently than expected. Fat tails on both sides indicate that extreme price moves happen more often than a normal distribution predicts - critical information for risk management and position sizing.
Statistical Foundation for Trading Decisions
Understanding the distribution of returns helps traders set more realistic stop losses and profit targets. If the histogram shows that 95% of daily moves fall within a 2% range, setting a stop at 3% provides a statistically informed buffer. This data-driven approach replaces guesswork with quantifiable probabilities for better risk control.
Identifying Skewness and Fat Tails
A normally distributed histogram is symmetrical around its center. If the histogram shows a skew to the left, negative returns occur more frequently than expected. Fat tails on both sides indicate that extreme price moves happen more often than a normal distribution predicts - critical information for risk management and position sizing.
Statistical Foundation for Trading Decisions
Understanding the distribution of returns helps traders set more realistic stop losses and profit targets. If the histogram shows that 95% of daily moves fall within a 2% range, setting a stop at 3% provides a statistically informed buffer. This data-driven approach replaces guesswork with quantifiable probabilities for better risk control.
Statistical distribution insights
Statistical distribution insights
This indicator creates a histogram showing how input data values distribute across user-defined bins. Applied to price returns, the visualization reveals whether the distribution is normal, skewed or has fat tails that indicate elevated risk of extreme moves.
This indicator creates a histogram showing how input data values distribute across user-defined bins. Applied to price returns, the visualization reveals whether the distribution is normal, skewed or has fat tails that indicate elevated risk of extreme moves.
Add Statistical Context to Decisions
Understanding how returns distribute helps set realistic expectations. If 95% of daily moves fall within 2%, stops and targets can be calibrated accordingly.
Explore Any Data Series Visually
Traders can bin returns, ATR values or any data source into customizable intervals. The flexible input makes the tool useful for various statistical explorations.
Measure and Manage Tail Risk
Fat tails on both sides indicate extreme moves occur more often than expected. This information is critical for position sizing and risk management decisions.
Common Questions About Distribution Analysis
Common Questions About Distribution Analysis
Visualizing how data distributes across intervals reveals statistical properties essential for risk management. Here are common questions about probability distributions.
Visualizing how data distributes across intervals reveals statistical properties essential for risk management. Here are common questions about probability distributions.
What does a skewed distribution tell me about market risk?
A left-skewed distribution means negative returns occur more frequently than a normal distribution predicts. Fat tails on both sides indicate extreme moves happen more often than expected. This information is critical for position sizing and stop placement.
How do I choose the right number of bins?
More bins provide finer detail but may create noise. Fewer bins show broader patterns but lose precision. Start with 15-20 bins for daily returns and adjust based on the clarity of the resulting distribution shape.
Can I analyze any data series with this indicator?
Yes. The indicator accepts any input data. You can analyze returns, ATR values, volume or any calculated series. This flexibility makes it useful for statistical exploration beyond just price returns.
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Web sentiment
Web sentiment
Traders appreciate the Probability Distribution Histogram's analytical depth and find it valuable. While direct feedback lacks, the general mood is positive and engaged.
Traders appreciate the Probability Distribution Histogram's analytical depth and find it valuable. While direct feedback lacks, the general mood is positive and engaged.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
✍️
✍️
TradersList Reviews (3)
TradersList Reviews (3)
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
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Source: TradersList Reviews
Source: TradersList Reviews

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🏅
Fundamentals Graphing [Kioseff Trading] is a TradingView indicator that displays essential fundamental metrics for up to 40 stocks. It allows users to compare various key financial metrics like earnings and revenue for easy benchmarking.

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by Zeiierman

Free
TradingView Indicator
Day/Week/Month Metrics (Zeiierman)
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🌐
✅
Day/Week/Month Metrics (Zeiierman) is a TradingView indicator that computes daily, weekly and monthly performance. This indicator displays edge metrics, depicting how often an asset is likely to be bullish or bearish in a given time period.

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by KioseffTrading

Free
TradingView Indicator
Monte Carlo Simulation - Your Strategy [Kioseff Trading]
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🌐
✅
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Monte Carlo Simulation - Your Strategy by Kioseff Trading is a free TradingView indicator that leverages Monte Carlo simulations to analyze the variability and potential outcomes of your inputted trading strategies or the assets displayed on your chart. Calculate your luck factor using this indicator.

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by KioseffTrading

Free
TradingView Indicator
The Next Pivot [Kioseff Trading]
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🌐
🏅
The Next Pivot [Kioseff Trading] is a TradingView indicator that employs similarity measures to compare historical price sequences with current data, formulating potential paths for future price action.

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by KioseffTrading

Free
TradingView Indicator
(Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff]
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🏅
The (Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff] Indicator is a TradingView tool that analyzes price action and volume by breaking volume into aggregated quartiles for noise filtered price and volume analysis.
![TradingView chart interface displaying the Seasonality [TFO] statistics indicator panel showing average asset performance across daily, monthly and quarterly timeframes based on a 252-day trading calendar.](https://framerusercontent.com/images/nvPXFfuC5h7lkcLmxaOhlHbStb8.png?width=4098&height=2304)
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by tradeforopp

Free
TradingView Indicator
Seasonality [TFO]
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🌐
✅
🏅
Seasonality [TFO] is a TradingView indicator that analyzes an asset's average performance across daily, monthly, and quarterly timeframes. It uses a 252-trading day calendar, aggregating daily data into 21-day months and 63-day quarters for gauging seasonal trends.

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by KioseffTrading

Free
TradingView Indicator
Crypto Terminal [Kioseff Trading]
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🌐
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Crypto Terminal [Kioseff Trading] is a TradingView indicator that uses on-chain data to provide real-time cryptocurrency statistics directly on your Tradingview charts.
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TradersList
Discover trading edge
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Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer

