Historical Market Probability Indicator

The historic Market Probability indicator shows the cumulative

number of times the market in question has settled higher,
lower, or the same on a specific date compared to the previous
trading day's settlement price.

For example, if you are looking at a five year market probability

indicator with a reading of +1, then the market in question may
have historically settled higher three times and lower two times
on this trading day than the previous trading day, or settled
higher twice, lower once, and the same twice. The +1 reading
is derived by subtracting the number of negative settlements
from positive settlements, resulting in a net number of positive
(+) or (-) settlements. In other words, the +1 reading in
these examples would be indicative of a market which
has settled higher one more time than it has settled
lower. If the market settled at the same price as the previous
day, the total is not changed.

1
2