Source code library - Expert Advisors, Indicators and Scripts
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Tested this indicator live for the first time on EURJPY H1 and it raised great suspicion. It showed an arrow above the price indicating a sell signal but the price kept rising for about the next four hours/bars. The third bar after the arrow is the one that recorded the highest high before the price started falling. Now i checked the chart five hours after the false signal and strangely this arrow had moved to the bar that indicated the highest high before the price started retracing to give an impression that it had given a
correct sell signal before the downward movement. The white arrow in the chart shows the original indicator arrow position, the x the fake position and the red vertical line indicates the time the arrow repositioned itself to hide its mistake. The red and orange arrows are the arrows drawn by the indicator on the chart.
a little bug of this indicator
go long is ok
go short, it is many indicators display
should reload template
who can update this indicator better
Arrows disappear, appear 3 bars backward etc. Be careful!!!