Empirical Suite

This indicator removes high-frequency noise from 4 extremely useful measurements:

Volume
Volatility
Trend
Momentum

All plots are normalized after filtration to make comparisons easier.

In the chart, I step through an example trade on , however, the indicator works well on
Currencies and Commodities too.

Comparing side-by-side to other common tools

*RSI: Faster entries and exits
*Stochastic: Faster exits and less false positives
*Momentum: Not manipulated by low-volume spikes
*TTM Squeeze: Regularly 1 bar faster on both entries and exits
*MACD: Faster entries and exits

I plan on releasing updates in the future - Alerts, Entry & Exit conditions, and better performance during consolidation.

Release Notes

Updated color scheme for easier readability
Updated default settings
Added directionality to volatility squeeze "dots"
Removed function calls with soon to be depreciated arguments

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

DasanC

Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

DasanC

Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.

Also on: