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Re: No Nonsense Forex - Indicators

233 by xpf2003
josi wrote: Tue Mar 05, 2024 10:35 pm Are you sure the code is all right?
MA changes if you change sensitivity but doesn't if you change period input...
I have relooked at the formula used in the original indicator and a small modification I made while bringing it into the MT5 world. The modification is not doing anything to the MA so have removed the period parameter. I also noticed an issue with trying to use this indicator from an EA which I have fixed.
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Re: No Nonsense Forex - Indicators

235 by xpf2003
josi wrote: Wed Mar 06, 2024 6:01 pm The 95 standard-input sensitivity equals - more or less - line chart; using two makes it easy to see ranges...
I plugged this into my NNFX EA as a baseline. The win rate between 40% and 50% but a large number of trades (meaning good for filtering out with a C2 without lowering the number of trades too much). I also noticed that chops (as defined by NNFX) are also very low on some settings.

I am mainly going to focus on if this can be useful on lower timeframe settings for day trading.
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IndicatorRe: No Nonsense Forex - Indicators

237 by addtoitfx
Centaur wrote: Tue Mar 01, 2022 5:31 pm Modified Explosion Indicator

This indicator is based on Waddah Attar's original indicator. I only incorporated a dynamic dead zone line based on the ATR times a factor of 3.7. I've also included a smoothing of the trend histogram using linear regression to a period of 8 (period is not adjustable, due to the increase of lag if this value is increased), to prevent sudden moves above and or below the explosion line / dead zone line.

For those not familiar with Waddah Attar's explosion indicator: the trend histogram is literally a histogram of a MACD where values below zero is made positive. A MACD is the difference between a fast exponential moving average and a slow exponential moving average. The explosion line is the difference between the upper Bollinger band and lower Bollinger band, and finally the dead zone line represent volatility in the form of an ATR calculation set to a period of 100 (not adjustable).

Possible future work: Applying standard deviation directly to price is fundamentally incorrect (foundation of a Bollinger Bands calculation). The reason is that price do not have a Gaussian probability density function (Gaussian / Normal PDF). Hence one need to transform price to a near Gaussian PDF before the application of a standard deviation. Work done by John F. Ehlers (Fisher Transform).

NNFX traders can use this indicator as a VOLUME indicator or EXIT indicator.
Why is this indicator so difficult to integrate into an EA? Anyone else have this issue? It never matches the indicator when both are added to a chart lmao

Re: No Nonsense Forex - Indicators

238 by geniusgauto
Centaur wrote: Tue Oct 11, 2022 12:22 am Smoothed Heikin Ashi Candles
A very nice secondary confirmation indicator, including a multi-timeframe aspect to it (please let me know if the MTF works).

Smoothed initial price data using an EMA then calculated the Heikin Ashi Candles according to theory, finally smooth the Heikin Ashi price data using another EMA.
The MTF works perfectly. Thank you so much for this. It has been very useful for my trading.
Can you add sound alert when the colour changes, please?
Thank you

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