Repainting Articles - page 2

Sergey Golubev
Moderator
121521
Sergey Golubev  
angevoyageur:
How a repainting indicator can be useful and efficient for trading ? I don't think it is possible.
I used repainting indicators in trading as a filter or as a warning (warning means: "sell signal may be soon" - example - channel indicators based in high/low of some number of the bars, and more.
Documentation on MQL5: Standard Constants, Enumerations and Structures / Objects Constants / Object Types
Documentation on MQL5: Standard Constants, Enumerations and Structures / Objects Constants / Object Types
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Standard Constants, Enumerations and Structures / Objects Constants / Object Types - Documentation on MQL5
Alain Verleyen
41597
Alain Verleyen  
ROMAN5:

Repainting is where the value of opened candle is changing i.e. last bar where the candle is still open. 

No you are wrong, as newigital said also, repainting is when value of closed candles are changing

I have met friends who don't understand about repainting.  I don't have to explain same thing over and over again. I am looking for good article.

Seems you don't understand either You have now a good topic to show to your 'friends'.

.
Alain Verleyen
41597
Alain Verleyen  
newdigital:
I used repainting indicators in trading as a filter or as a warning (warning means: "sell signal may be soon" - example - channel indicators based in high/low of some number of the bars, and more.
It would be interesting, if you can develop this with more details in one of your thread (or maybe here ?) : I mean use of repainting indicator to filter signals, as I really don't see how it can work.
Anton Nel
34069
Anton Nel  
angevoyageur:

No you are wrong, as newigital said also, repainting is when value of closed candles are changing

Seems you don't understand neither You have now a good topic to show to your 'friends'.

.
LOL. Now I understand.
Sergey Golubev
Moderator
121521
Sergey Golubev  
angevoyageur:
It would be interesting, if you can develop this with more details in one of your thread (or maybe here ?) : I mean use of repainting indicator to filter signals, as I really don't see how it can work.
There are not so many repainting indicators in MT5 Codebase ... yes, I will try to find some ... because I traded repainting indicators for MT4 - it was channel trading system (channel repainted) with arrows on the chart (arrows repainted) filtered by repainting zigzag :) By the way - this is classical system created long time ago.
Simon Gniadkowski
17375
Simon Gniadkowski  
angevoyageur:

No you are wrong, as newigital said also, repainting is when value of closed candles are changing

So you wouldn't call an Indicator that has a buffer value for the currently open bar, and that values changes while the bar is open, an Indicator that repaints ?
Alain Verleyen
41597
Alain Verleyen  
RaptorUK:
So you wouldn't call an Indicator that has a buffer value for the currently open bar, and that values changes while the bar is open, an Indicator that repaints ?

No, in this case this is no repainting. Of course some people can call this repainting if they want, but there is no problem to trade with such indicator. You have to decide if you trade on closed bars only or with open bar / indicator.

An indicator who change the values of closed bars is another matter, they are calculated on future price. It's very problematic and I don't see how this can be useful, this is why I asked to newdigital to develop his idea to use such indicator as filter. I am very sceptic about that.

Simon Gniadkowski
17375
Simon Gniadkowski  
angevoyageur:

No, in this case this is no repainting. Of course some people can call this repainting if they want, but there is no problem to trade with such indicator. You have to decide if you trade on closed bars only or with open bar / indicator.

An indicator who change the values of closed bar is another matter, they are calculated on future price. It's very problematic and I don't see how this can be useful, this is why I asked to newdigital to develop his idea to use such indicator as filter. I am very sceptic about that.

OK,  thanks for the answer.
Sergey Golubev
Moderator
121521
Sergey Golubev  
angevoyageur:
It would be interesting, if you can develop this with more details in one of your thread (or maybe here ?) : I mean use of repainting indicator to filter signals, as I really don't see how it can work.
well ... I am trying to find some indicator concerning it ... I found 2 indicators : 2 is non-repainting, and the other one is repainting.
Sergey Golubev
Moderator
121521
Sergey Golubev  

So, first one is ichimokualert_v1 from this post

Next one is SHI channel from MT5 Codebase from here.

We need few more : indicator which is painting the bars (non-repainting), and indicator which dots or arrow (repainting). And we need some indicator to estimate overbought/oversold level.

MetaTrader Trading Platform Screenshots

EURUSD, M15, 2013.07.09

MetaQuotes Software Corp., MetaTrader 5, Demo

SHI channel

EURUSD, M15, 2013.07.09, MetaQuotes Software Corp., MetaTrader 5, Demo