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Updated

[MAD] almost Nadaraya-Watson Envelope

This is a cloud where I tried to recreate the Nadaraya-Watson Envelope using a different mathematical approach
Clustered standard Ma's with weighting.

Objectives:
No repaints
Alerts
Almost the same output on live play.... (no need to replay history when configuring settings).

the presetup is for LuxAlgo's default settings (thanks for this great indicator).

Features:
Alarms with different modes --- Band 3 is the band that triggers the alarms.
more gradual setting for the curve
visual alerts for band 1 and 2

how to use:
in trend direction act the yellow "in direction" arrows tape 1
against the trend direction: the band 3 signal, DCA or with SL, prefer SL as it is safer
for both trading variants you can adjust the curve and the bands to your risk management

have fun

Release Notes

added selectable Timeframe

Release Notes

Digitalout is now a dedicadet Plot
which forwards Level 3 Buy and Sells

buy= +1
sell = -1

here a sample with my free scripts

all the parameters are in the screenshot

The Daisychain line is:
Almost Nadaraya
x8 Processor with MDP function (each 2% one sell or buy)
MK5.6 Riskmanagement

possible extensions:
Almost Nadaraya
x8 Processor with MDP function (each 2% one sell or buy)
free L1 L2 RSI indicator from my scripts
another X8 which combines the channels
after this in the MK5.6

alternative you just can use the digitalsignal plots in you own strategy and work with that signal

Release Notes

corrected screenshot

Release Notes

addition of "spikedetekt", default off
than alarms also come on low and high instead of close

addition of "zero lag" indicator to find no trade zones (a experiment to decrease fail traids when countertrend usage)
this also filters the alarms

addition of multibit implementation to daisychain x8 processor and modular backtesting

Release Notes

bugfix sideways trend filter for plotshapes

Release Notes

multitimeframe possibility for the sideways filter

Release Notes

libary update

Release Notes

Changed the way digits are handled, thanks to JohnNey for that idea

Added optional OSZILLATOR mode changeable via dropdownbox
it messures the distance from close to the boundary channels
To use this feature, you need to move the indicator into a new plane and select the correct
operation-mode

Release Notes

Additions to the oszillator settings and new alertmode

Changeable Hlines
Selectable alertmode "Oszillator"
Alerts based on Hlines movment direction change
Alerts L1 are not usefull here, you may disable
Detection Length (time of moving in)
Filter Length (time of moving out)

Release Notes

removing sideways filter... no consistent backtesting results, big no trade zones and still lots of overbuys/oversells in the wrong spots.

Release Notes

added alerts for bands 1 and 2

Release Notes

... typo

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

djmad

djmad|Bitblockart

Disclaimer

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

djmad

djmad|Bitblockart