Baseline-C [ID: AC-P]

9 нояб. 2019 г.

The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline.

• NNFX = No Nonsense Forex
  
• Baseline = Component of the NNFX Algorithm that consists of a single moving average
  
• Baseline ---> Meant to be used in conjunction with ATR/C1/C2/Vol Indicator/Exit Indicator as per NNFX Algorithm setup/structure. C1 is 1st Confirmation Indicator, C2 is 2nd Confirmation Indicator.
  
  
• JMA (Jurik Moving Average) is used for the baseline and slow baseline.
  
• A slow baseline option is included, but disabled by default.
  
  
• The faint orange/purple lines are 1.0x/1.5x ATR from the Baseline, and are what I use as potential TP/SL targets or to evaluate when to stay out of a trade (chop/missed entry/exit/other/ATR breach), depending on the trade setup (in conjunction with C1/C2/Vol Indicator/Exit Indicator)
  
• This script is heavily based upon jiehonglim's NNFX Baseline script for signaling, barcoloring, and ATR.
  
• SSL Channel option included but disabled by default (Erwinbeckers SSL component)
  
• POC (Point of Control) from Volume Profile is included/enabled by default for both the current timeframe and 12HR timeframe
  
  
• 03.freeman's InfoPanel Divergence Indicator was used a reference to replace the current/previous ATR information infopanel/info draw from jiehonglim's script. I'm not sure whether I like the previous way ATR info was displayed vs how I have it currently, but it's something that is completely optional:
  
• Specifically: I am tuning this baseline/indicator for 1D trading as part of the NNFX system, for Forex.
  
• DO NOT USE THIS INDICATOR WITHOUT PROPER TUNING/ADJUSTMENT for your timeframe and asset class.

Note about lack of alerts:

* Alerts for baseline crosses (and other crosses) have been purposefully omitted for this version upon initial publication. While getting alerts for baseline crosses under certain conditions/filtered conditions that eliminate low-importance signals and crossover whipsaw would be great, it's something I'm still looking into.

* SPECIFICALLY: There are entry, exit, take profit, and continuation signal components in relation to the Baseline to the rest of the NNFX Algorithm stack (ATR/C1/C2/Vol Indicator/Exit Indicator), including but limited to the "1 candle rule" and the "7 candle rule" as per NNFX.
* Implementing alerts that are significant that also factor in these rules while reducing alert spam/false signals would be ideal, but it's also the HTF/Daily chart - visually, entry/exit/continuation signal alignment is easy to spot when trading 1D - alerts may be redundant/a pursuit in diminishing returns (for now).

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// Acknowledgements/Reference:
// jiehonglim, NNFX Baseline Script - Moving Averages
//

// Fractured, Many Moving Averages
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// everget, Jurik Moving Average/JMA
//

// 03.freeman, InfoPanel Divergence Indicator
//

// Ggqmna Volume stops
//

// Libertus RSI Divs
//

// ChrisMoody, CM_Price-Action-Bars-Price Patterns That Work
//

// Erwinbeckers SSL Channel
//