OPEN-SOURCE SCRIPT

No Nonsense Forex Moving Averages ATR Bands[T1][T69]

🔍 Overview
This indicator implements a No Nonsense Forex-style Baseline combined with ATR Bands, built using the moving_averages_library by Teyo69. It plots a configurable moving average and dynamically adjusts upper/lower ATR bands for trade zone detection and baseline confirmation.

✨ Features

30+ Moving Average types
ATR bands to define dynamic trade zones
Visual background highlighting for trade signals
Supports both "Within Range" and "Baseline Bias" display modes
Clean, minimal overlay with effective zone coloring

⚙️ How to Use

Choose MA Type: Select the baseline logic (SMA, EMA, HMA, etc.)
Configure ATR Bands: Adjust the ATR length and multiplier
Select Background Mode:
Within Range: Yellow = price inside band, Gray = outside
Long/Short Baseline Signal: Green = price above baseline, Red = below
Trade Setup:
Use the baseline for trend direction
Wait for confirmation or avoidance when price is outside the band

🛠 Configuration

Source: Price source for MA
MA Type: Any supported MA from the library
MA Length: Number of bars for smoothing
ATR Length: Period for Average True Range
ATR Multiplier: Width of the bands
Background Signal Mode: Choose visual signal type

⚠️ Limitations

Works with one MA at a time
Requires the moving_averages_library imported
Does not include confirmation or exit logic — use with full NNFX stack

💡 Tips

Combine with Volume or Confirmation indicators for NNFX strategy
Use adaptive MAs like KAMA, JMA, or VIDYA for dynamic baselines
Adjust ATR settings based on asset volatility

📘 Credits
Library: Teyo69/moving_averages_library/1
Inspired by: No Nonsense Forex (VP) Baseline + ATR Band methodology & MigthyZinger

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Teyo69

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.

Open-source script

Teyo69