I'm used to dark mode, so I coded a few key plots in white, so those are changed into black on the script.
Notably: - > 1 ATR in black dots along the baseline - Current and previous ATR text labels to the right of the price - A text label spacing input that allows you to adjust the spacing for text label from price.
This is a trend following system that combines 3 indicators which provide different functionalities, also a concept conceived by VP's No Nonsense FX / NNFX method.
1. Baseline The main baseline filter is an indicator called Modular Filter created by Alex Grover - https://www.tradingview.com/u/alexgrover/ - Alex Grover - Modular Filter ------- That's the moving average like baseline following price, filtering long and short trends and providing entry signals when the price crosses the baseline. Entry signal indicated with arrows.
2. Volume/Volatility, I will called it Trend Strength The next indicator is commonly known as ASH, Absolute Strength Histogram. This indicator was shared by VP as a two line cross trend confirmation indicator, however I discovered an interesting property when I modified the calculation of the histogram. - Alex Grover Absolute Strength ------- My modification and other info here - Absolute Strength Histogram v2 ------- I simplified the display of the trend strength by plotting squares at the bottom of the chart. - Lighted Squares shows strength - Dimmed Squares shows weakness
3. Second Confirmation / Exits / Trailing Stop Finally the last indicator is my usage of QQE (Qualitative Quantitative Estimation), demonstrated in my QQE Trailing Line Indicator - QQE Trailing Line for Trailing Stop ------- Three usages of this amazing indicator, serving as : - Second trend confirmation - Exit signal when price crosses the trailing line - Trailing stop when you scaled out the second trade This indicator is plotted with crosses.
Additional plots and information Bar Color - Green for longs, Red for shorts, White when the baseline direction conflicts with the QQE trailing line direction - When it's white, it's usually ranging and not trending, ASH will also keep you off ranging periods. ------- ATR Filter - White circles along the baseline, they will show up if the price has moved more than one ATR from the baseline - The default allowance is 1 ATR. ------- The previous and current ATR value - Label on the right side of the chart showing the previous and current value of ATR
thanks for sharing, i will forward test and get back to you. thanks for the effort
maxchoong1998
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Excellent hard work and fascinating work! How is your winning rate on foward testing using this algorithm?
UnknownUnicorn7286680
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Thank you soo much for this , I don’t know how I can donate something to you or something? Pls What’s the purpose of the Didi index indicator here pls ?
jiehonglim
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@smsarmani, there's no didi here, it can be used as another confirmation or continuation indicator.