This indicator scans a pasted list of symbols and shows matching long and short setups in a table in a separate pane. It uses a Supertrend crossover, then applies an ATR or fixed-point volatility range so quiet, sideways conditions can be skipped. Optional fil
Indicator · Pine Script v6 · Own pane
NIG Probability Table
This indicator estimates a normal-inverse Gaussian distribution from recent log returns and approximates the probability of price falling in each return bin.
GitHub stars2on the repository
Pine versionv6current
Lines of code77
Settings6inputs
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
NIG Probability Table measures mean, standard deviation, skewness, and kurtosis over a rolling window, then sets the bin range with an ATR multiple. On the last bar it draws colored boxes in a separate pane, optionally labeled with each bin probability. Window length, ATR length and multiplier, bin count, and box width are adjustable. It does not generate trade signals.
- NIG density approximated from return moments
- ATR-scaled return bins
- Colored probability boxes
- Optional percentage labels
- Adjustable window, bins, and box width
Details
Published by
regalouisei on GitHub
Type
Draws
Separate pane below the chart
Category
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 |
|---|---|---|---|
| Window Size | int | 100 | windowSize |
| ATR Length | int | 14 | atrLength |
| ATR Multiplier | float | 3.0 | atrMult |
| Bin Size | int | 19 | binSize |
| Box Width | int | 2 | boxWidth |
| Show Probability | bool | true | showProb |
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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