This overlay indicator plots a Supertrend from an ATR length and factor, four exponential moving averages, and a selectable VWAP or TWAP taken from a chosen timeframe on the price chart. It also shows MACD and stochastic with adjustable lengths, smoothing, ver
Indicator · Pine Script v6 · On the chart
Expected Value Monte Carlo
Expected Value Monte Carlo analyzes historical price returns and projects potential future outcomes directly on the price chart using statistical simulations.
GitHub stars2on the repository
Pine versionv6current
Lines of code207
Settings10inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Expected Value Monte Carlo calculates historical performance metrics over a configurable sample period and simulates future price trajectories based on recent trend and volatility. User settings control the trade duration, position sizing, projection lookback, simulation count, and optional fixed percentage target and stop boundaries. Output metrics and distribution evaluations are presented via an on-chart statistical display table.
- Monte Carlo future path simulation
- Historical expected value calculation
- Configurable take profit and stop loss percentages
- On-chart statistical summary table
- Asset-aware annualization adjustments
Details
Published by
regalouisei on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Screeners & dashboards
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Trade Duration (bars) | int | 252 | i_trade_duration |
| Position Size ($) | float | 1000.0 | i_position_size |
| Projection Lookback (bars) | int | 252 | i_momentum_lookback |
| Historical Lookback (bars) | int | 2500 | i_lookback_bars |
| Monte Carlo Simulations | int | 1000 | i_monte_carlo_sims |
| Annual Risk-Free Rate (%) | float | 5.0 | i_risk_free_rate |
| Use TP/SL for Historical EV | bool | false | i_use_tp_sl |
| Take Profit (%) | float | 10.0 | i_tp_pct |
| Stop Loss (%) | float | 5.0 | i_sl_pct |
| Table Font Size | string | Normal | i_font_size_option |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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