- Can any one Please help me I have an indicator but it repaint.
- Non repainting indicators with arrow
- New metatrader 4 compatible indicators
Hello
very simple thing.
let on new candle open time indicator shows Buy signal on candle 1,
so you will open Buy, but in some time indicator will show on candle 1 Sell signal...
this is only one the very simple example of repainted indicator...
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2013.07.09 12:26
For example - there are the following indicators by categories :
- non-repainting. Most of the indicators are inside this category (most of the indicators are non-repainting). It means: if you see the signal so wait for the bar with the signal to be closed and new bar is opened. Traders are using non-repainting indicators to trade on close bar (classical way of trading for most of the traders). Some people confused 'non-repainting' with 'continuing painting'. For example, open bar is continuing paiting by itself together with value of any indicator. Close bar is not repainting by value together with non-repainting indicator.
- repainting indicators. There are many of them which were created especially for some different cases. Zigzag for example. Some of those indicators are used as the filters to filter false 'non-repainting signals' from the other indicators.
- re-calculating indicators. The values of those indicators are recalculated for n number of the bars. Indicators can be used a the filters or for technical analysis (not for direct trading).
- repainting by mistake made by coders. There are many examples of the indicators coded by coders in repainting way as the mistake (such as super signals etc).
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Sometimes - the people confused repainting with contrinuing painting, and trading on open bar with trading on close bar. We are having a lot of threads/articles about programming but just few threads about how to trade in practical way with a lot of indicators in CodeBase for example :)
Oh... thanks for instant reply
to be true it's strange for you having such reach developer's portfolio to ask this question...
to be true it's strange for you having such reach developer's portfolio to ask this question...
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