should i trade the trend or noise...there is more of noise

[padutrader]

Anyway, just wanted to help.

nice of you

it is always easier to take other's help than help one self

 

[Turveyd]

True. But, as I mentioned there are many periods that the market could be choppy and sideways (non-trending) and I attempted to capture it via the indicator. Anyway, just wanted to help.

I’d be interested in taking a free look at it, something quantifiable when conditions meet what I’m setup to trade, might stop me getting greedy then gambly and trading during wrong conditions.

I’ll even buy it later, if its useable and not too much money.

 

[SimpleMeLike]

i have heard this so many times it shows how confused traders are about this and many other basic concepts:"i trade daily charts and i do not trade 5 min because it is noise":
that the most ridiculous comment i have ever heard; how can an entire time frame be noise?
that means the daily does not have noise?….

noise can only exist in the time frame that is being traded.

Lmfao hahahahahahahahahahahahaahahahaahahahahahahahahahahahahahag

I enjoy your comments. I have heard that too, trading lower frame is too nosiy. Lmfao. It is a very stupid comment. No such thing. Many traders have said anything less than 5 minutes is noise. All nonsense. The market does what it wants to do. Observe it and make bets.

Noise is when you have a DC power supply that have a weak capacitor and have AC ripple voltage in its power supply.

 

[MattZ]

I’d be interested in taking a free look at it, something quantifiable when conditions meet what I’m setup to trade, might stop me getting greedy then gambly and trading during wrong conditions.

I’ll even buy it later, if its useable and not too much money.

Sure, with pleasure. This works on MT4/MT5 just as an FYI.
PM me and I will give you the details.
Matt

 

[panzerman]

True. But, as I mentioned there are many periods that the market could be choppy and sideways (non-trending) and I attempted to capture it via the indicator. Anyway, just wanted to help.

Not true. Noise is the residual after you subtract a signal from price. If the residual passes an Augmented Dickey-Fuller test for stationarity, then you have isolated noise. Finding a signal then becomes the imperative if you want to find noise.