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Fattails' NoiseBands for Sierra Charts?


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Fattails' NoiseBands for Sierra Charts?

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  #1 (permalink)
South Jersey
 
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Has anyone ported this over to SC? Or would anyone care to...



I currently use a spreadsheet study to plot levels but it is cumbersome and not as slick as FT's...

Below is my (feeble) noise and range study to plot on a daily that you then overlay onto an intraday and feed into a spreadsheet study to do the calculations...

Will try to post some screenshots

Attached Files
Register to download File Type: dll wmNoiseRange.dll (22.5 KB, 85 views)
Register to download File Type: cpp wmNoiseRange.cpp (2.2 KB, 78 views)
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  #3 (permalink)
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I am not sure, but isn't the Noise Bands one of @Fat Tails commercial indicators? In other words, closed source, so there will be no porting unless Harry decides to write a Sierra version (which, btw, would be awesome to see him come over to Sierra...).

If that is the case then you are probably stuck with your own interpretation. But if I remember right, Harry has dropped some hints over the years that the reason he doesn't share this code is because it is extremely complex, thousands of lines of code.... so just bear that in mind.

Best bet would probably be to get @Fat Tails to devote some time with Sierra and then see if he likes it or not and go from there

Mike

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  #4 (permalink)
South Jersey
 
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Agree would be great for FT to move to Sierra...

If it is Closed source I assume we can create our own interpretation as the logic is very simple?

What I posted was just an indicator that you plot on a Daily chart that displays the average noise i.e. smallest of (H-O), (O-L) and Range (H-L) of whatever average number of days ya prefer...

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  #5 (permalink)
las vegas
 
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Big Mike View Post
Best bet would probably be to get @Fat Tails to devote some time with Sierra and then see if he likes it or not and go from there

Mike

We can lock him in my shed and have MW and the Mrs. brainwash him tag team style until he breaks. Tell him he won a free trip or somethin, that should do the trick.

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  #6 (permalink)
South Jersey
 
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some screenshots

apply indicator on a daily chart for globex or a day chart for pit session then overlay onto an intrday chart and use a spreadsheet study and DailyOHLC to derive the noise and range plots

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Name:	1m es noise range.png
Views:	228
Size:	15.3 KB
ID:	122841  
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  #7 (permalink)
South Jersey
 
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somewhat similar concept to the ACD bands i posted in this thread...feel free to modify and improve as my programming is very limited


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  #8 (permalink)
Market Wizard
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Big Mike View Post
I am not sure, but isn't the Noise Bands one of @Fat Tails commercial indicators? In other words, closed source, so there will be no porting unless Harry decides to write a Sierra version (which, btw, would be awesome to see him come over to Sierra...).

If that is the case then you are probably stuck with your own interpretation. But if I remember right, Harry has dropped some hints over the years that the reason he doesn't share this code is because it is extremely complex, thousands of lines of code.... so just bear that in mind.

Best bet would probably be to get @Fat Tails to devote some time with Sierra and then see if he likes it or not and go from there

Mike


The noise bands is an open source indicator that can be found in the download section.

Originally, I had posted the noise bands as a separate indicator. I have then integrated them with the Session Pivots in order to reduce the number of indicators that I have to maintain.



The idea behind the noise bands is similar to Toby Crabel's stretch:

Noise = the smaller of (High - Open) and (Open - Low) for the current session

The smaller move - the unsuccessful move initiated by noise traders - is called the noise. The noise bands are calculated as an average over M and N days of the session noise. Consider noise bands as the distance from the open

-> where a price move initiated by noise traders stalls
-> where a breakout is confirmed if it carries on

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  #9 (permalink)
South Jersey
 
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thanks for the reply FT!

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  #10 (permalink)
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Fat Tails View Post
The noise bands is an open source indicator that can be found in the download section.

Thanks Harry, my mistake.

Mike

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