sickojacko

NNFX Baseline Tool

NNFX All-in-One Baseline display / test tool.

This is usefull (hopefully) for the NNFX way of trading only. It's not intended to be used as a standalone tool.

Basically, this script displays and tests many types of Moving Averages as baselines.

It displays baseline signals, based on the NNFX ATR-related rule for baseline entries.

It can be used as a backtest tool, or plugged into the whole nnfx algo.

If signal display option is enabled, signals are displayed on chart : green for long, red for short, orange for crossovers beyond the ATR channel :


Many baselines available : SMA , EMA , WMA , VWMA , ALMA , AMA, SMMA , DEMA , FRAMA , HULL, KAMA , KIJUN, JURIK, LAGUERRE, MCGINLEY , TMA1, TMA2, VIDYA , MODULAR FILTER, VAMA , ZLEMA , T3, LSMA , etc.

Additional options :
- multiplying the ATR channel (and subsequent rule) by a factor (default = 1)
- plot the ATR channel (def = yes)
- fill it (def = yes)
- display signals (def = yes)
- option for add color to the baseline, for long/short territory (2 different options : baseline is colored, background is colored)
- darkmode / lightmode color option. (def = dark)

We also display panels, with general information and some test results. Tests are done within the test period.

I tried to test all the different MAs included in the script but some bugs might still be present, so use it at ur own risk.

If you'd like a new MA option added, please let me know in comments.

I included a "bad" signal detection, it can help for tweaking the settings. Signals are defined as "bad" when they are immediately followed by another signal.
When there is 2 or more bad signals next to another, you spotted a chopiness zone (a chopiness zone is defined as a zone where BL get eaten alive).
Example :


to do :
- plug it with the c1/c2 backtest tool (it's the whole point)
- add alerts,
- add more ma types
- stop to use the operator, it's not convenient at all
- add wr% calculation as a standalone feature (with TP / SL)
- add a way to measure chopiness in the test (dont know how yet)
- detect & display chopiness zones

I asked other users when I used their ideas (for some particular types of MAs). They all agreed.

Release Notes: Update 22/08 :
- Added a "Regularized Exponential Moving Average" MA type (REMA). Credits to @everget.
- Added a visual option to mark the backtest period with a vertical line :
Release Notes: Added AHMA on demand (credits to everget).
Release Notes: Minor bug fix.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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