Main Settings

Basic Settings - V2 Settings - V1 Settings ( Modified MA, Vanquisher, Heikin Ashi, Oscillator, Support & Resistance, Pivots, Trend Index, MTF, Hunter X Settings)

What Does The Main Settings Do?

The main settings will impact the overall results of the trend meter. Please note that the main settings do not have universal settings therefore each line will have to be tweaked and adjusted manually by the user to suit their style. Users can also switch between V1 and V2 if they would like to have a different style to their trend meter.

Basic Settings

The basic settings group is the first group within the NVME Trend Meter indicator and it houses only one setting. This setting allows users to switch between the original trend meter, which is version 1 or they utilise the new version, which is version 2.

Version 1 is a simple design from us that utilises only the block lines to showcase the trend of the current asset to the trader.

Version 2 is a unique design from us that utilises both the block lines and a universal currency strength algorithm that supports all assets apart from no volume indexes and this can really help change the game for some users too.

Version 2 Customisable Settings

This is the second group within the main settings area and it houses 2 of the new trend meter settings that users can customise with ease. It allows users to change the smoothness of the currency strength analyser and they can change the plot style of the currency strength too.

Currency Strength Length is the first setting on the group and it determines the smoothness of the currency strength plot.

Increasing this value will make the currency strength plot a lot smoother at the cost of strength switching being slightly delayed.

Decreasing this value will make the currency strength plot less smooth but provide faster strength switching between the pairs.

Currency Strength Plot is the second setting within the group and it determines how the integrated currency strength will be plotted. There are two options users can choose from: Dual Lines and Block.

Dual lines will plot two lines that are have a small thickness, one in a bullish colour and one in a bearish colour. This will help users see if the currency is weakening or getting stronger.

Block will plot one block line that is the same as the other trend meter lines and it will switch colour depending on the dominant asset.

Version 1 Customisable Settings

Modified Moving Average Settings [Line 1]

This is the first group within the V1 customisable settings area and this will determine the first line's result to the user. This group houses 2 settings, which is really easy to understand and both of them are simple to tweak and utilise. Users are able to customise the moving average used to calculate the modified percentile rank and they can change the length and smoothing of the moving average in one universal setting.

Modified MA Length will determine the smoothness and length of the module used.

Increasing this value will lead to much more smoothness in the moving average and the length of it will be longer, however this will lead to delayed trend switching.

Decreasing this value will lead to less smoothness in the moving average and a shorter length of the module, but this will mean faster trend switching.

Modified MA Module will determine what built-in preset to utilise when calculating the trend.

The options that are available within the Modified MA Module are the following: EMA, WMA, RMA, SMA, HMA, VWMA, ALMA.

We recommend users use EMA for the most optimal results with the percentile ranking.

NVME Vanquisher X Settings [Line 2]

This is the second group within the V1 customisable settings area and this will determine the second line's results to the user. This group houses 3 settings that the user can tweak to optimise the results for them. Users are able to customise the sensitivity used for the algorithm from the range of 0-10 and they are also able to customise the algorithm scalar used from the range of 1-3000. Furthermore, if users can't decide what settings to use, they can always apply the automatic settings mode for an easier experience.

Sensitivity [0-10] will impact 70% of the Vanquisher's results and signals as the sensitivity acts as a placeholder in many calculations used in candlestick data processing and trend-following methods.

Increasing the sensitivity will lead to more long-term trends at the cost of those trends being identified later on within the move.

Decreasing the sensitivity will lead to more short-term trends and trends will be identified quickly but at the cost of more ranging noise.

Algo Scalar [1-3000] will impact the other 30% of the Vanquisher's results and signals as the scalar acts as a placeholder in volume processing and multi-time frame data processing. Change be noticeable if a user changes the value by a big amount.

Increasing the algorithm scalar will have some impact on the identification of signals, this could lead to a delay in identifying the trend and possibly remove some ranging noise.

Decreasing the algorithm scalar will have some impact on the identification of signals, this could lead to earlier identification of the trend and possibly increasing the noise.

Automatic settings will impact both the sensitivity and algorithm scalar, the user's manual settings will not be taken into consideration by the algorithm and the algorithm will utilise one of our optimal settings internally. If enabled, users will see immediate change of the trend identified. If disabled, users manual settings will be used instead for trend identification.

NVME Heikin-Ashi Module [Line 3]

This is the third group within the V1 customisable settings area and this will determine the third line's results to the user. The group houses 2 settings that are easy to understand and tweak, which is the Heikin-Ashi Intake and the Heikin-Ashi Length. These settings can be tweaked to the user's style or for more longer-term trends if need be.

Heikin-Ashi Intake [5-200] will determine how many bars to utilise for data processing within the Heikin-Ashi module.

Increasing this value will lead to longer-term trends and less noise between the trend-meter colours.

Decreasing this value will lead to shorter-term trends and more noise between the trend-meter colours.

Heikin Ashi Length [10-200] will determine the multiplier and smoothness of the Heikin-Ashi module.

Increasing this value will lead to more smoothness of the heikin-ashi module at the cost of trend identification becoming slightly delayed.

Decreasing this value will lead to less smoothness of the heikin-ashi module but trend identification is slightly faster.

NVME Oscillator X Settings [Line 4]

This is the fourth group within the V1 customisable settings area and this will determine the fourth line's results to the user. This group only houses one setting that is universal for the oscillator since it utilises both the first and second wave for the trend results. This is a simple one to edit and users will easily understand how to tweak this without struggling to find an optimal setting.

Oscillator Length [10-500] is a universal setting that can change the smoothness and multiplier for NVME Oscillator X's results.

Increasing the oscillator length value will lead to longer-term trend identification, however it comes at the cost of later trend identification.

Decreasing the oscillator length value will lead to shorter-term trend identification but increases trend identification speed.

NVME Support and Resistance [Line 5]

This is the fifth group within the V1 customisable settings area and this will determine the fifth line's results to the user. This group houses two settings that will impact the results of the support and resistance trend, which is the lookback left and the lookforward right settings. These settings are simple to understand and easily tweakable by the user whilst holding some promising trend results.

Lookback Left is the first setting in the group that determines how many candlesticks of data to utilise for identifying wick rejections and key zones.

Increasing this value will provide users with longer-term support and resistance zones that can be utilised for identifying the current market trend. This will reduce the noise of the trend meter bar from over switching trends.

Decreasing this value will provide users with shorter-term support and resistance zones that can be utilised for identifying the current market trend. This will increase the noise of the trend meter bar as it is subject to more zones printing.

Lookforward Right is the second setting in the group that determines the lifespan of the support and resistance zone and it can have some impact on the trend identified too.

Increasing this value will ensure that the support and resistance trend lasts longer and perhaps provide better zones too for trend identification.

Decreasing this value will most likely reduce the lifespan of a zone meaning that the support and resistance trend is shorter and lead to some good and some bad zones for trend identification.

NVME Pivot Trend [Line 6]

This is the sixth group within the V1 customisable settings area and this will determine the sixth line's results to the user. This group houses one setting that will impact the results of the pivot trend and users may find this setting slightly strange to tweak as the setting itself is time-frame based. Users are able to input any timeframe they want but we recommend that they use the daily timeframe for optimal results across all timeframes that isn't as long as a day.

Pivot Timeframe [5 Minutes - 1 Month] is the main setting of this group and it will heavily impact the data processing of the pivot trend by utilising data from the inputted timeframe.

Having a higher timeframe inputted into this will mean that the trends are long-term and it will provide less noise across the board.

Having a lower timeframe inputted into this will mean that the trends are short-term and it will provide more noise across the board.

NVME Trend Index [Line 7]

This is the seventh group within the V1 customisable settings area and this will determine the seventh line's results to the user. This group houses four settings that will impact the results of the trend index within the trend meter. The settings can be tweaked easily by the user if they decide to change them and they are easy to understand and change too. The trend index's default settings are already optimal and provide small amounts of noise compared to other trend identification modules.

Index Length [5-30] is the first setting within this group and it determines the trend index's smoothness and quickness.

Increasing this value will make the seventh line provide smoother longer trends at the cost of trends being identified later.

Decreasing this value will make the seventh line provide shorter term trends and trends will be identified much faster.

Reactivity [1-200] is the second setting within this group and it will determine the quickness and accuracy of the trend identification module within the trend index.

Increasing this value will cause the seventh line to be slower at identifying trends but it will reduce noise of the seventh line.

Decreasing this value will cause the seventh line to be faster at identifying trends but it will increase noise of the seventh line.

NVME Multi-Timeframe Module [Line 8]

This is the eighth group within the V1 customisable settings area and this will determine the eighth line's results to the user. This group houses two settings that can be customised easily to the users preferred style. The default settings are optimal for timeframes less than or equal to the one hourly chart.

Custom Timeframe is the first setting within the group and users can input any timeframe into this input field if they wish, however the timeframe will need to be in minutes. The timeframe will determine the candlestick data that will be used for identifying the trend.

Increasing this value will most likely lead to longer-term trends however due to the timeframe being higher, trend identification will be slower.

Decreasing this value will lead to shorter-term trends and provide faster trend identification at the cost of more noise.

Custom Length is the second setting within the group and it determines the smoothness and changes the calculations within the module.

Increasing this value will most likely lead to longer-term trends and delayed trend identification.

Decreasing this value will lead to shorter-term trends and faster trend identification.

NVME Hunter X Settings [Line 9]

This is the ninth group within the V1 customisable settings area and this will determine the ninth line's results to the user. This group houses two settings which will impact the signal detection provided by the scalper. The scalper will utilise a legacy mode setting with no filters to keep the trend meter simple to use and tweak. The default settings are optimal across all timeframes and pairs.

Scalper Sensitivity will determine the multipliers used in the scalping module and it will heavily impact the indicator's results.

Increasing this value will lead to less signals at the cost of the signals being rare to find and being more delayed in trend identification therefore the line will be more long-term but sometimes incorrect.

Decreasing this value will lead to more signals at the cost of more noise however the ninth line will be more accurate.

Scalper Reactivity will determine the threshold percentage that has to be met before printing a signal.

Increasing this value will mean that trends are likely to be identified later as the percentage threshold is greater.

Decreasing this value will mean that trends are likely to be identified earlier as the percentage threshold is smaller.