Category

General-Purpose Functions

Description

Inverse Cumulative Distribution Function

Syntax

ICDF(value)

Parameters

value - formula

Notes

The inverse CDF converts cumulative probabilities into data values for a specified distribution, such as the normal distribution. This aids in trading indicator development by mapping normalized data back to meaningful price levels, helping to identify significant market thresholds.

Example

Threshold: ICDF(0.95)

The z-score value at the 95th percentile of a normal distribution (about 1.645).

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