Probability Density Function (PDF) Moving Average indicator for MT4

This is Pdf Ma with floating levels , indicator is mtf with alerts. Color choices are on slope, levels cross, or on mid level cross. Floating level choices are quantile bands, deviation bands,regular floating levels, or no levels. Also have the 33+ price options along with the filter options.

Mladen on probability density function(Pdf):::::

In short, this is a kind of weighted average (or a digital filter, depends how somebody prefers to call it) that is using probability density function to calculate the coefficients and the average. The short description of PDF is :

In probability theory, a probability density function (PDF), or density of a continuous random variable, is a function, whose value at any given sample (or point) in the sample space (the set of possible values taken by the random variable) can be interpreted as providing a relative likelihood that the value of the random variable would equal that sample. In other words, while the absolute likelihood for a continuous random variable to take on any particular value is 0 (since there are an infinite set of possible values to begin with), the value of the PDF at two different samples can be used to infer that, in any particular draw of the random variable, how much more likely it is that the random variable would equal one sample compared to the other sample.