Nova Volume Trading System | Forex Factory

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Nova Volume Trading System

PLEASE SEE UPDATE ON POST 1661 for this system or click here!

Note: There will be no MT4 version & No source code. I will also not tolerate anyone who wishes to share "Nova Inspired" indicators. You are free to create your own thread if you wish to.

Lets keep it on topic. Thanks!


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Hey guys,

Skip the boring part below lol – This isn't a rulebook to follow exactly, so take it in, relate if you can, and if not, just hear me out.

This is my first post here, so go easy on me. I promise to add value to this site.

We’ve all been there, right? Digging through endless “holy grail” strategies, hoping something sticks. Well, after 10 years of trading, I think I finally have something worthwhile to share—something simple, effective, and easy to grasp. I’m here to give back to the community that helped me get here.

Introducing the Nova Trading System, my go-to method that’s been quietly working wonders for me. Whether you’re new or seasoned, I believe you’ll find this system refreshingly simple and powerful. No fluff—just practical, actionable stuff.

Forget all the jargon: ICT, bearish/bullish breaker blocks, fair value gaps, order blocks, liquidity, etc. If you just trade the signals as they come, you’ll be fine. But let's keep it clean and easy.

What’s the Nova System All About?

The name's pretty straightforward. Future versions might even be called Super Nova, but let’s see how this goes first.

At its core, the Nova System revolves around precise entry and exit rules using volume strength, market structure, and clean signals. I’ve combined the best parts of different strategies into something that consistently works for me.

It’s adaptable—perfect for any market condition—and it fits my trading style.

But most importantly, you’ve got to make it work for YOU and your trading personality. If you're into volume and market structure, this could be the breakthrough you’re looking for.

Now, let’s talk about my journey: I struggled with the psychological side of trading for years, no matter what system I used. I found myself too emotionally attached to my trades in the early days, which held me back.

It’s taken me about 7 years to get my mindset straight, and I’m finally at a place where I feel 100% confident. So, I’m sharing this system for you guys to critique and improve on.

Currently, the system is available as an indicator on TradingView only.

My Approach:
The key is clean charts, following the trend, and minimal indicators—maybe just one if you really need it. I’m going to break down the Buy and Sell Entry models for you.

If this sounds good so far, feel free to stick around. I’ll post live examples and setups soon. Let me know if you’re interested—I don’t want to waste anyone’s time.

Indicator link is here:
Nova Volume Indicator - TradingView

RULES:
I won’t tolerate rudeness or negativity. This is a positive space to learn and share. If anything offends you, I’ll ban you—simple as that. We’re all adults, so let’s act like it.

This system works best if you have at least 2 years of chart experience. If you’re not into it, that’s fine—move along. But if you’re looking for a fresh perspective and willing to put in the work, stick with me.

Also, I won’t be sharing the source code of the indicator. It’s taken me 10 years to find something that works for me, and I’ve seen people take advantage of others’ work. But I’m happy to share the indicator so you can use it—no problem.

You can lead a horse to water, but you can't make it drink.

Post 2: Indicator and Entry Models

So, here’s the TradingView indicator:

Nova Volume Indicator - TradingView

Add the 50, 100, and 200 EMA to your charts first.

The Buy Entry Model

  1. Volume Kick-Off: Start by confirming volume with the Nova Volume Indicator. When you see a strong green bar cross above the 0 line, that’s momentum pushing in the buying direction. But don’t jump in yet—this is just your green light.
  2. Check EMA Angle: Now, check the trend with the EMA angle. If the EMA is sloping upward, you're in trend direction. If you're new, look for a slight upward tilt.
  3. Entry: Once the volume confirms with 1-2 green histogram bars and the EMA angle is confirmed, enter at the close of the candle (usually the second histogram bar). Simple. Set your stop just below the recent swing low, and aim for a 1:2 risk-to-reward. This isn’t about gambling; it’s about playing the odds.

The Sell Entry Model

  1. Volume Confirmation (Bearish): Look for a red bar crossing below 0 on the Nova Volume Indicator—this signals selling pressure.
  2. EMA Slope Down: If the EMA is sloping downward, we’re in a downtrend, and the sell signal is valid.
  3. Entry: Enter at the close of the candle after volume confirmation. Place your stop above the recent swing high, aiming again for 1:2 risk-to-reward. Let it breathe and ride the momentum.

When the background is BLACK (dark mode) or WHITE (light mode), don’t trade. Wait for it to turn green (bullish) or red (bearish). With experience, you can take the first color change, but it’s subjective based on your style and experience.

The signal line will help keep you on the right side of the market, and you can use a multi-timeframe (MTF) approach: Check the 1-hour signal and drop down to a lower timeframe for entries, targeting that 1:2 profit.

Next post will feature annotated examples from GOLD today—it’s been a great day.

Let me know if this seems like a waste of time, otherwise I’ll keep sharing.

You can lead a horse to water, but you can't make it drink
So basically the indicator I have created is on tradingview which i'll post the link below:

https://www.tradingview.com/script/v...y-SplitzMagic/

Add the 50, 100 and 200 EMA to your charts first

The Buy Entry Model

  1. Volume Kick-off: First, we look for volume confirmation using the Nova Volume Indicator. When we see a strong green bar cross above the 0 line, we know momentum is pushing in the buying direction. But we don’t jump in just yet—this is just the green light.

  2. Check EMA Angle: Next, we confirm the trend direction using the EMA angle. If the EMA is pointing upward at a clear slope, we’re aligned with the trend. You’ll get a feel for this with experience, but if you’re starting out, a slight upward tilt in the EMA is what you’re looking for.

  3. Entry: Once the Nova Volume Indicator gives the go-ahead with 1 or 2 green histogram bars and the EMA angle is confirmed, we enter at the close of the candle with the volume signal (usually 2nd histo bar). Simple, right? Set your stop just below the recent swing low and aim for a 1:2 risk-to-reward. We’re here to stay in the game, not to gamble.

The Sell Entry Model is opposite but yeah...

  1. Volume Confirmation (Bearish): Look for a red bar in the Nova volume indicator crossing below 0. This signals strong selling pressure in play. Just like with the buy model, we wait for confirmation.

  2. EMA Slope Down: The trend is our friend here too. If the EMA is sloping downward, it means we’re in a downtrend and the sell signal is worth considering.

  3. Entry: Enter at the close of the signal candle after the volume confirmation. Place your stop above the recent swing high, and once again, aim for a 1:2 R. Let the trade breathe and ride the momentum.

When the histogram has a BLACK (dark mode) or WHITE (Light Mode) background it means there is NO TRADE. Wait for it to change to GREEN (Bullish) or Red (Bearish) and watch the volume bars.

With experience you can take the first colour change but it's all subjective and based on your trading style and experience.

The signal line will help keep you on the right side of the market if you are not sure and you can also combine MTF approach.

I.e use the 1HR signal and move down to a lower TF for entries targeting the 1HR 1:2 profit (if that makes sense)

The next post will be annotated examples from GOLD today which has been amazing.

If this sounds a waste of time let me know : )

Here is my chart template on TV:
https://www.tradingview.com/chart/X0gPo76g/

You can lead a horse to water, but you can't make it drink
Here are some entry examples:

In this uptrend today for gold you can see a series of 1:2 wins with 1 loss.

I will be posting more and as I said it's my FIRST post so bear with me

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You can lead a horse to water, but you can't make it drink
It's interesting but it would be more interesting if you included your system ... never understood delaying the actual details of the system.
If you were patient then I could which ive just posted mate
You can lead a horse to water, but you can't make it drink
With my indicator you can see when the volume is coming into the market. If we are in an uptrend and there is a pullback then the histogram will turn BLACK for the background until a new opportunity is present.
You can lead a horse to water, but you can't make it drink
With my indicator you can see when the volume is coming into the market. If we are in an uptrend and there is a pullback then the histogram will turn BLACK for the background until a new opportunity is present.
Nice indicator. Good work, manually back testing now.
These are the follow on trades for GOLD today on the 1M chart
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You can lead a horse to water, but you can't make it drink
{quote} Nice indicator. Good work, manually back testing now.
Thats what I was hoping will happen... let you guys run off and see how it can be better lol

You'll have a blast with it btw... works on any timeframe
You can lead a horse to water, but you can't make it drink
Here are the settings and how they work:

The Nova Volume Indicator offers several input settings to help you tailor the indicator to your unique trading style:

Signal Period: Adjust the period for calculating the signal line (EMA of momentum score). A shorter period reacts quickly, while a longer one smooths the signals.

Volatility Period: Control the lookback period for assessing market volatility. Shorter periods capture recent fluctuations, and longer periods provide a broader view of price behavior.

Price Filter MA Length: Set the period for the moving average used to filter trades based on price action, helping determine the trend direction.

Alert Threshold: Define the level at which the indicator signals potential buying or selling opportunities. Customize this setting to suit your trading preferences.

Then after just change the colours as you wish...

If you want to see bearish entries then that will be in the next few posts
You can lead a horse to water, but you can't make it drink
With my indicator you can see when the volume is coming into the market. If we are in an uptrend and there is a pullback then the histogram will turn BLACK for the background until a new opportunity is present.
I don't see the histogram turning black until a new opportunity
The beauty of this indicator is that you don't need to rely on it solely, it can be a confluence but it's a pretty fecking good one i'll tell you.

Let it guide you but still... use the system you use currently and see if it can replace it.

For me, I believe volume and market structure are the 2 main things to follow and I get that volume is subjective to the broker but for me it's been working for ages and I've got to the bored stage now where I just profit and it doesn't mean anything anymore.

So with this system... just play around with it and let it suit your style but it will give you confidence if you backtest and forward test it to just hold trades and let them play out.

Will post examples from EURUSD today next
You can lead a horse to water, but you can't make it drink
These are the follow on trades for GOLD today on the 1M chart{image}
Seems like there's some user discretion, which isn't inhrently bad, but can be tricky.
{quote} I don't see the histogram turning black until a new opportunity
Does it not look like below:

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You can lead a horse to water, but you can't make it drink
{quote} Seems like there's some user discretion, which isn't inhrently bad, but can be tricky.
When the background is black you don't trade till it changes green (uptrend) or red (downtrend)
You can lead a horse to water, but you can't make it drink
All the trades from today I actually followed LIVE with the purpose to post it and show it works on the 1M chart
You can lead a horse to water, but you can't make it drink
EURUSD today on 1M chart

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You can lead a horse to water, but you can't make it drink
Guys if you think I'm wasting my time let me know and I'll stop
You can lead a horse to water, but you can't make it drink
It even works in a choppy period IF you are advanced to take the trades

ALL of these trades are from today for EURUSD

I can go back to any chart and it will always be way more wins than losses

This has been working for me and changed my life so I'm just sharing it now to give back but I dont want to waste yours or my own time if its not good enough

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You can lead a horse to water, but you can't make it drink
{quote} Seems like there's some user discretion, which isn't inhrently bad, but can be tricky.
Test it out and let me know your findings
You can lead a horse to water, but you can't make it drink
More from GOLD, as you can see it doesn't win every trade but the 1:2 is what works for your balance

The system allows for you to make mistakes and lose but the next win will be around the corner

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You can lead a horse to water, but you can't make it drink