[BO Indicator] Urban Towers | Make it not repainting
Hello,
There is a pretty nice indicator:
Issue:
People saying it's repaint.
Concern:
Could some one make it not repainting and maybe add some filtering to produce less false signals?
Would appreciate your help!
Thank you so much!This should correct the repainting : urban_towers_correct.mq4
PS: removed the order handling from the code. Indicators can not handle orders (open, close, alter ...)
This should correct the repainting : urban_towers_correct.mq4 PS: removed the order handling from the code. Indicators can not handle orders (open, close, alter ...)
Thank you so much!!!
Mladen,
Do you think you could add arrows/alerts that will be more clear based on the following rules:
The Strategy :
During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs (3 towers), we enter at the break of the high of the last high. Ok let me explain in details one by one.
Steps to Follow :
- Price is above the blue MA trend is up
- Price is below the blue MA trend is down
- Market retraces towards the blue MA with 3 consecutive lower highs (in a uptrend)
- At the break of the high of the last candle, we enter long (in a uptrend)
Complete article/guide here:
http://urbanforex.com/forum/topics/urban-towers-scalping-strategyHopefully this will make the indie more clear and better filter the lower quality signals for the BO traders 
Would be super appreciated!
Seems that that indicator in a ranging market (and not just in ranging) will kill you. A lot of signals that are not quite logical
indicators don't kill people...bullets do
Mladen,
Do you think you could add arrows/alerts that will be more clear based on the following rules:
The Strategy :
During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs (3 towers), we enter at the break of the high of the last high. Ok let me explain in details one by one.
Steps to Follow :
- Price is above the blue MA trend is up
- Price is below the blue MA trend is down
- Market retraces towards the blue MA with 3 consecutive lower highs (in a uptrend)
- At the break of the high of the last candle, we enter long (in a uptrend)
Complete article/guide here:
http://urbanforex.com/forum/topics/urban-towers-scalping-strategyHopefully this will make the indie more clear and better filter the lower quality signals for the BO traders
Rommark2, from what I can tell the arrows for retracement are already there.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hello,
There is a pretty nice indicator:
urban_towers.mq4
Issue:
People saying it's repaint.
Concern:
Could some one make it not repainting and maybe add some filtering to produce less false signals?
Would appreciate your help!
Thank you so much!