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NN8D Volume

NN8D Volume is one of the indicators included to NN8D trading system (Nikolsky's Nesting Doll).

NN8D Volume displays a trend direction sorting out the market noise and keeping trades even during main trend corrections.

Buy checklist:

  1. Bulls on the current bar and preferably on the previous one.
  2. NN8D Volume line should go up moving away from Bulls points, showing a bullish trend and increase in volatility.
  3. Current bar - Buy (an open price is below a close one).

Sell checklist:

  1. Bears on the current bar and preferably on the previous one.
  2. NN8D Volume line should go down moving away from Bears, showing a bearish trend and increase in volatility.
  3. Current bar - Sell (an open price exceeds a close one).

When opening an order, it is advised to combine signals on the checklist from the current and older timeframes. It is recommended to combine signals from M5-H1 timeframes.

Close checklist:

A checklist signal from the current or lower timeframe is received.
It is recommended to close an order by a lower timeframe if the market is highly volatile and a candle on the current timeframe moves against an open order, while there is no an opposite signal on the current timeframe.

Aravind
3112
Aravind 2018.06.17 20:33 
 

Good, but I do not see and added advantage of using this indicator when compared to other oscillators.

Version 1.1 2018.07.09
Version 1.1 fixes issue with the deletion of other indicators' comments on timeframes H1 and MN1.