Is the attached indicator is repainting, one friend recently send it to me and said that he use it in BO trading but frankly I little bit suspect if it repaints. Please take a look to coding and tell me if it is repainting or not
It uses one future bar value - so it repaints one bar in the future. Other than that it is a standard adx cross indicator (where +Di and -DI cross marks a change of trend)
Yes I noticed about standard adx, but do you think there is possibility to cancel the repainting issue just if it needs simple change
This would be a non repainting version : bo_profit_nrp.mq4
Can you convert or lead me to a MTF version of triple MA. I have attached my 3 ma.
Im in need of a indicator that can draw trend lines following the trend like ive drawn in the picture.
And lets say if the market is on a down trend and breaks the upper line the indicator should draw a new line to start a up trend instead and alert to email.
I really hope that you understand and hope that its possible to make.
Sorry for the crappy paint picture that ive attached.
It can not be done
The thing with trend lines is that they use past data for drawing. That is all OK, but when the trend line is broken up or down there is no way to know where the new trend line should be drawn. The closes would be linear regression channel, but it is a fitting calculation (it always adapts to price changes) and then the breaks could not be detected properly
I have another thing in my mind , this may sound wiered.
I was thinking about the middle line in bollingerbands if we just focused about that line and if it gave alerts when it was changing direction.
Middle line of Bollinger bands is SMA (simple moving average)
I don't think it would be suitable for that
Is there anything in forex indicators or ea that i can use to make money ?
Im in need to change my life...