Bizzare indicator...

 

Hello,

I found this indicator on a Web site (http://forex-winning.blogspot.com.

I attached it on a graph 1 hour (on gbp/usd), it makes apparaitre red or blue dots to sell or buy.

But it seems to me that the dots move according to each candle.

Can you say to me what it is ? It's an indicator too much beautiful to be true ?

thank you !

Files:
beginner.mq4  4 kb
 

Its SHI_SilverTrendSig indicator.

The dots will appear and then disappear.

 

Yes this indicator repaints.

You can read more about it here

Reason: