Trend & Volume indicator

This is a Trend, Entry, Exit, and Risk-assessment indicator built around the NNFX (No-Nonsense Forex) methodology, intended primarily for Daily timeframes.

It combines:

A Baseline trend filter

Signal Wave (formerly SSL) lines for continuation and exits

ATR-based volatility analysis

Dynamic risk assessment

Visual trade context (colors, channels, alerts, table)

The indicator does not auto-trade. It provides decision support.

Core Components
1. Baseline (Trend Filter)

Uses a configurable moving average (HMA, EMA, JMA, McGinley, etc.)

Acts as the primary trend direction filter

Includes an optional volatility channel around the baseline

Trend logic:

Above baseline → bullish bias

Below baseline → bearish bias

Inside channel → neutral / ranging

This follows NNFX’s rule: Only trade in the direction of the baseline.

2. Signal Wave 1 (Trend Confirmation)

A high/low MA-based line (SW1)

Changes direction only when price clearly breaks structure

Confirms:

Trend continuation

Momentum agreement with baseline

3. Signal Wave 2 (Continuation Entries)

Short-length MA-based signal (SW2)

Uses ATR-distance logic to detect valid pullbacks

Signals continuation entries only when volatility criteria are met

Prevents chasing price during overextended moves

4. Exit Line (Trade Management)

Independent MA-based exit line

Generates:

Exit Long when price crosses below

Exit Short when price crosses above

Designed to:

Protect profits

Avoid emotional exits

Volatility & ATR Logic

ATR is smoothed using selectable methods (RMA, SMA, EMA, WMA)

ATR bands show:

Expected price range

Overextension zones

Used for:

Entry qualification

Continuation logic

False breakout detection

Risk Assessment System
ATR Percentile

Compares current ATR to historical volatility

Classifies risk as:

Low

Normal

High

Dynamic Color Fading

High volatility → more transparent colors

Low volatility → solid colors

Gives instant visual risk feedback

Entry Quality Filters
Entry Distance

Measures how far price is from the baseline:

Near → ideal

Extended → caution

Far → high risk

False Breakout Detection

Flags candles:

Larger than 1× ATR

Still within baseline range

Helps avoid trap trades

Visual Elements

Colored candles reflect trend + risk

Baseline channel fill changes with market bias

Diamond markers highlight risky candles

Optional ATR bands

Risk table showing:

Risk level

Entry distance

Volatility percentile

Current ATR

Alerts Included

The script provides alerts for:

Exit signals

Continuation entries

Baseline breaks

High-risk entries

False breakouts

Extreme volatility conditions

All alerts are context-aware, not raw crossovers.

Best Use Case

✔ Daily timeframe
✔ Trend-following strategies
✔ NNFX-style system building
✔ Discretionary traders who want structure, not automation