The Natural Directional Combo was created by Jim Sloman as part of his Ocean theory series and I believe this is his final unique formula that I'm publishing to make them all open source. If you know of any others then please send me a message. He passed away at a young age and I want to make sure his legacy lives on. Big thanks to @altcoinz and @tmac87 for giving me his full source code and materials in order to publish everything. So like my Natural Market Combo script, this essentially take his Natural Stochastic Indicator and his Natural Directional Index to create his own average of both indicators. Like the market combo indicator, I created a fix to address the errors in his original script and included both strong and normal buy and sell signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Greetings"
I find it phenomenal .. maybe I would add the sup and inf lines but I see that the range is 110, but as Nigel Tufnel said "turn it up to eleven".
what I do find useful is a cutoff average if it is used as the only indicator. Although in your library to infinity that give us the stop positions.
Thanks for @ll"
@cheatcountry, Thanks, and great work. I've had great success backtesting this for confirmation. Considering adding it to my algo. Can you shed a little more light on the specifics? I realize its directional but is there a volatility component as well? (is ADX factored in?)
I find it phenomenal .. maybe I would add the sup and inf lines but I see that the range is 110, but as Nigel Tufnel said "turn it up to eleven".
what I do find useful is a cutoff average if it is used as the only indicator. Although in your library to infinity that give us the stop positions.
Thanks for @ll"