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
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.
Congratulations for your Script.
So far I have Backtested NzdAud, UsdCad and EurUsd on 2018-2020 period.
I have got a 14% Roi par year and a 70% win rate average.
Still lot work to do, but so far really interesting results.
Personally I have added another filter using the Action Locator v.2.0 to have another filter.
I will post the final Backtest if someone is interested.
biswad
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@ForexPilot, what is the current status of the back test brother?
shocksmoke90
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@ForexPilot, How did you backtest it? im having some trouble on it.
ifly777
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Do you have a back testing strategy script for this as well. It would be great if you could make one.
stevenwalter0
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You sir are on the cutting edge of indicator technology.
FuHuiYew
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This script looks good with renko
Telegram_Trader
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Great script. Thanks :)
morningsup
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Does this repaint? if anyone uses it for a while knows? Thanks!
So far I have Backtested NzdAud, UsdCad and EurUsd on 2018-2020 period.
I have got a 14% Roi par year and a 70% win rate average.
Still lot work to do, but so far really interesting results.
Personally I have added another filter using the Action Locator v.2.0 to have another filter.
I will post the final Backtest if someone is interested.