What is the best way to filter the noise

[billsingh]

Hi,
can please someone guide me to explain what is the best way to filter the noise when the price is not moving up or down much like shown on chart ???

Thanks
Bill

[NinjaTrader_Jason]

Hello Bill,

Sorry, I am not quite sure if I understand. Can you please clarify what you mean by "filter the noise".

You can use the realtime tick filter to filter out bad ticks as per a percentage compared to the last traded price. You can find it at Control Center-->Tools-->Options-->Data-tab (Filter bad ticks). A value of of 5, represents 5 %. So if a realtime tick is outside the range of 5 % compared the tick received prior, it will be excluded. Please see the link below for more information and instructions to have it enabled.

http://www.ninjatrader-support.com/HelpGuideV6/Real-timeTickFiltering.html

[billsingh]

Thanks Jason, how do you put it in the code ??? what will be the code for it if you are writing in a strategy ???

Thanks in advance.
Bill

[NinjaTrader_CalH]

Bill,

Jason's reply is for filtering bad ticks of data not for this "noise" you are referring to.

Additionally, can you please answer the question-
Sorry, I am not quite sure if I understand. Can you please clarify what you mean by "filter the noise".

[sledge]

Hi,
can please someone guide me to explain what is the best way to filter the noise when the price is not moving up or down much like shown on chart ???

Thanks
Bill

In NT change your bar type to Range bars.

[billsingh]

Ok, so I like to fiter when the prices going sideway and only want to trade when either going up or down. ???

[billsingh]

Thnaks Sledge, but then how I filter that rage when the prices are giong sideways.

[sledge]

Thnaks Sledge, but then how I filter that rage when the prices are giong sideways.

A range bar does this. It only creates a new bar when it leaves the range you define. The bar could last 1 second or 5 hours.

[nailz420]

Hi,
can please someone guide me to explain what is the best way to filter the noise when the price is not moving up or down much like shown on chart ???

Thanks
Bill

First you need to define what "noise" means to you. Price trading within a certain range? Quick price movements? Movements on very low or very high volume? Some combination of those?

[billsingh]

Hi nailz420,
I like to check both quick price movement up or down and price range ??

Thanks
Bill