This TOS indicator estimates the probabilities of the price being at various levels on a specific date in the future, based on the binomial tree calculations used in risk-neutral binomial option pricing models. The calculations take interest rates and the volatility of the symbol into account. You can use these probabilities to help decide where to place targets and stops for swing trades, or to see if an options strategy is feasible. 
 
You can choose the amount of time in the binomial tree, either by selecting the number of months or by selecting a specific date in the future. You can also choose the number of steps in the binomial tree (up to 30), with a higher number of steps increasing the accuracy and the number of possible future prices.