No Fiddle Zone
"Don't Fiddle In The Middle" -Vinny E. Mini
Last updated
"Don't Fiddle In The Middle" -Vinny E. Mini
Last updated
When price is in the No Fiddle Zone on the MACV chart, the AlgoBox™ No Fiddle Zone indicator displays vertical zones on any other chart you configure it to.
The No Fiddle Zone indicator is another feature of AlgoBox™ that helps you with the Order of Operations filtering process to stay out of potential zones of indecision.
This is the zone that gets displayed on any other chart that has the No Fiddle Zone indicator configured.
When price is inside the No Fiddle Zone, traders may become more easily trapped and stopped out, as price tends to fluctuate and whipsaw in both directions. This tool turns the MACV chart into an invaluable filtering tool, not only for direction but for a "go or no-go" heuristic.
If the No Fiddle Zone or MACV histogram isn’t displaying correctly, simply click on the chart and press CTRL+F to open the Data Series window. From there, increase the "Days to Load" setting. The number of days required varies depending on the instrument, the day of the week, recent holidays, and the AlgoBar size for that chart. Adjust as needed until all indicators load fully.
The audio alerts you once a No Fiddle Zone vertical is plotted on the chart. You can customize these alerts by changing the audio to a preferred voice or sound, or turn them off entirely.
AlgoVoice: You can enable or disable real-time audio alerts as per your preference.
Voice Rate: You can customize the speed of the AlgoVoice alerts to your preference.
Allows you to control how frequently the No Fiddle Zone indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.
AlgoBars Size: This setting must match the instrument's MACV Chart AlgoBar size.
Audio Filter: You can enable or disable repeated real-time audio alerts as per your preference. When checked, the audio alert will continue to trigger as long as price is in the same No Fiddle Zone.
Audio Interval (secs): Customize the interval of the audio alert in seconds.
Show Fiddle Zone: Toggle this setting ON or OFF to display or hide the No Fiddle Zone verticals.
Fiddle Zone Color: Allows customization of the Fiddle Zone color to your desire.
Show Zero Zone: Toggle this setting ON or OFF to display or hide the Zero Zone (flat line) verticals.
Zero Zone Color: Allows customization of the Zero Zone (flat line) color to your desire.
Zero Zone Calculation: Allows customization of the Zero Zone to a percentage width of the No Fiddle Zone to your desire.
Displays the current chart instrument, contract date and configurations applied.
Input Series: This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.
Allows you to add a label, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.
On Price Change: Updates the indicator only when there is a change in the instrument's price.
On Bar Close: Updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.
On Each Tick: Updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This setting increases CPU processing load.
Auto Scale: Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.
Displacement: Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.
Display in Data Box: Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.
Panel: Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.
Price Markers: Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.
Scale Justification: Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.
Visible: Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.
The with the option "Show Deviations" checked ON will display horizontal standard deviation lines above and below the zero line of the histogram. The first line above and below the zero line is called The No Fiddle Zone. The No Fiddle Zone is a natural evolution of the "Christmas Tree" pattern filtering tactic.
Only available on AlgoBox™ for NinjaTrader 8.
