Impressive..both your performance and the horrible repainting....
Can anyone tell me whether this indicator repaints? If yes, is it possible to fix it?
Could you make a MTF version of the indicator?
On the chart it seems to catch very effectively tops and bottoms, but in live trading I am not so sure.
Is there any link for visual testing ,how do you do testing with visual testing?That sounds a great tool.I like to test my indicators before creating an expert advisor so I can see the weakness of the indicators and add extra filtering if necessary.Thanks
In the MT4 View pulldown menu is the Strategy Tester run that in M1 visual mode checked then once it starts to run drop your indys on the chart.
At least that is the way I do it. There may be a better way.
homestudy, you are right
I am using this "EA" for visual testing (it is made by klot - the "" because it is made exclusively for a purpose we are talking about - visual testing, and not for automatic trading) The procedure is as homestudy explained
It can even simulate a manual trading so it is a very useful tool (EA) Just place it in experts folders and unpack the IdleLib into experts/libraries folder
Can you please add more history to the pivot points indicator I posted last week? Thank you very much.
Mladen and Homestudy ,
Thanks for explanation .
Mladen can you give an example how is this EA related to testing indicators?Many thanks.
It is simple : open the strategy tester, check visual mode on the bottom of the options and choose klots EA for testing (any time frame, but I like 1 minute for visual testing) Freely drop indicators on the chart it opens, change their parameters ... The only indicators "resisting" this kind of testing are MTF ones (they "know" the future )
mladen, could you please introduce two colors into this indicator: for a positive slope and for a negative slope, just as in the case of Schaff Trend Cycle nrp? the indicators you present here are really amazing!
I'm just trying to prepare a stop&reverse system working on 1M timeframe, and Schaff Trend Cycle nrp + Schaff Trend Cycle MACD + TMA centered MACD are the best candidates so far to work with; perhaps, anybody has some interesting setups for the parameters - say, (8, 14, 21), (10, 23, 50), and so on?
You fixed these days this RSI EMA indicator but it seems there is a problem.
I realized that the indicator goes in the wrong direction during simulation.
Attached shows the original version and the fixed version after testing in visual mode.
Could you have a look?
You are right. That is going to happen in visual testing when MTF indicator is coded a certain way (even if it work properly in run time).