OPEN-SOURCE SCRIPT
Updated No Man's Land Distance
This indicator is an attempt to quantify "No Man's Land" by combining volume and volatility into an algorithm capable of determining if the market is trending or not.
The settings in this indicator are not fine-tuned and it's recommended you toy with the input variables until it fits your strategy.
The settings in this indicator are not fine-tuned and it's recommended you toy with the input variables until it fits your strategy.
Release Notes
You can now change the No Man's Land (NML) threshold to a custom value.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.