There has been some criticism of the Polarized Fractal Efficiency formula. It can be shown that its inconsistent, i.e. that it doesn't take into account scale, which in this case biases the calculation on lower time frames. This can give false signals for example when you shift between time frames, so scale is important.
I have made a dimensionless PFE that passes the "C-test", which was advocated by William Eckhardt. I.e. it doesn't have scale bias like the original PFE.
I just convert to NT8, idea from NinjaTrader_AdamP
| Created By | soon123 |
| NinjaTrader Version | 8 |
| File Size | 3.0 KB |
| Create Date | 02/05/2021 |
| # of Downloads | 255 |
Importing to NinjaTrader 8 is Easy!
To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:
- Download the app or add-on file to your desktop
- From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
- Select the downloaded file from your desktop
Questions?
Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.