• Overview
  • Reviews (7)
  • Comments (6)
  • What's new

Noise Level

The sense of this indicator is evident from its name.

Noise Level is designed to assist in distinguishing true and false breakouts. It closely examines HOW the price approaches the possible breakout point. Therefore, it helps to follow channel or fractal breakouts only when the probability of beginning of a new trend is the highest (the market is less noisy). Alternatively, the indicator can be used to map the best opportunities for scalping systems, based on returns in the channel (when the market is the noisiest).

Noise Level is represented as an oscillator in the relative scale from 0 to 1. The higher the value - the more noisy the market is.

In order to avoid overfitting effect, Noise Level has single input parameter, which determines how many bars are used for calculation.

Pavel Imakov
271
Pavel Imakov 2019.11.02 18:32 
 

not work

Nikolay Gaylis
16478
Nikolay Gaylis 2019.01.14 07:16 
 

User didn't leave any comment to the rating

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.12.24 19:18 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5671
Daniel Andrejczuk 2017.11.09 13:56 
 

User didn't leave any comment to the rating

Nork
6157
Nork 2016.06.16 08:31 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7172
Rodrigo da Silva Boa 2016.03.11 03:46 
 

User didn't leave any comment to the rating

Jean-Sebastien Laurent
4270
Jean-Sebastien Laurent 2014.08.29 21:51 
 

User didn't leave any comment to the rating

Version 1.1 2014.09.30
Fixed bugs.