Just reposting this think it somehow may have gotten removed.

mrtools wrote: Thu Sep 15, 2022 1:33 am Just reposting this think it somehow may have gotten removed.

Hey Mrtools, it's over here!

Nadaraya-Watson estimator (Envelopes)

Added envelopes, since it recalculates doubt arrows or alerts would be very accurate.

chickensword wrote: Sun Sep 18, 2022 11:49 am it repaints so you know

You are right my friend. I don't care about the signal arrows. Nadaraya Watson nature is to repaint. It has an amazing ability to show price extremes for scalping on M5 or M15 charts. Here is a picture of what I designed myself with using Nadaraya Watson estimator and MT4 own Envelope Indicator. It's very Close to Tradingview one. As you can see in the chart once the price exited the channel it reverses to the mid line.

tank.turner2 wrote: Sun Sep 18, 2022 10:27 pm You are right my friend. I don't care about the signal arrows. Nadaraya Watson nature is to repaint. It has an amazing ability to show price extremes for scalping on M5 or M15 charts. Here is a picture of what I designed myself with using Nadaraya Watson estimator and MT4 own Envelope Indicator. It's very Close to Tradingview one. As you can see in the chart once the price exited the channel it reverses to the mid line.

Neat, I would like to use it, would you contribute and share it with us?

ChuChu Rocket wrote: Sun Sep 18, 2022 10:42 pm Neat, I would like to use it, would you contribute and share it with us?

Nadaraya Watson estimator (using built-in MT4 indicators)

Absolutely :

1. Open a clean chart without any indicator
2. Download and apply Nadaraya Watson Estimator to your chart (Attached)
3. Drag and Drop Envelope from the list of indicators on the Navigator menu
4. Set the envelope as follow :
   • Period 8
   • MA Method Simple
   • Apply to : Previous Indicator's Data
   • Deviation : 0.40%

PS: For a downloadable template & setup for MT4, please see: Nadarya Watson Channel for Ranging Markets.

tank.turner2 wrote: Sun Sep 18, 2022 11:02 pm

Seems to work during ranges, but not so well in trends:

tank.turner2 wrote: Sun Sep 18, 2022 11:02 pm Nadaraya Watson estimator (using built-in MT4 indicators)

Absolutely :

1. Open a clean chart without any indicator
2. Download and apply Nadaraya Watson Estimator to your chart (Attached)
3. Drag and Drop Envelope from the list of indicators on the Navigator menu
4. Set the envelope as follow :
   • Period 8
   • MA Method Simple
   • Apply to : Previous Indicator's Data
   • Deviation : 0.40%

Also for strategy you can watch this YouTube video. I've been testing it, on US30, M15 for past two weeks and results are fantastic. M5 is a bit noisy. for Forex pairs adjust the deviation according to the pairs volatility.

https://www.youtube.com/watch?v=Olb47nB ... ingJourney

josi wrote: Mon Sep 19, 2022 12:04 am Seems to work during ranges, but not so well in trends:

Well as you know all markets are in range about 70% to 80% of the time. For Trending market you can buy or sell on the pull back to the channel top or bottom, in the direction of the trend. DO NOT TRADE with this strategy during news time. Common sense.
For Forex Pairs adjust the Deviation to match the pair volatility.

tank.turner2 wrote: Sun Sep 18, 2022 11:02 pm Absolutely :

1. Open a clean chart without any indicator
2. Download and apply Nadaraya Watson Estimator to your chart (Attached)
3. Drag and Drop Envelope from the list of indicators on the Navigator menu
4. Set the envelope as follow :
   • Period 8
   • MA Method Simple
   • Apply to : Previous Indicator's Data
   • Deviation : 0.40%

Brilliant! Really appreciate the walk through you've posted and how this also uses a standard built-in indicator (in a custom & creative way). Thanks a lot Tank - hope you stick around mate.