not repaint indicator

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alex11369
31
alex11369  

hello

 every one can introduce a good signal indicator that not repaint and not have many signals for buy and sell ???
Sergey Golubev
Moderator
106089
Sergey Golubev  

I think - you may need to read the following thread from the beginning:

Signal Systems 

This thread (with indicators) is about the following:

Forum on trading, automated trading systems and testing trading strategies

Signal Systems

Sergey Golubev, 2013.02.18 16:53

We will discuss about the following:

  • what is signal systems
  • how to trade signal systems
  • what are the systems? (good question anyway) :)
  • which filters to be used with signal systems

and more



soubra2003
31839
soubra2003  
alex11369:

hello

 every one can introduce a good signal indicator that not repaint and not have many signals for buy and sell ???
I beleive that non-repainting indicator is the biggest trick!
Sergey Golubev
Moderator
106089
Sergey Golubev  
Mohammad Soubra:
I beleive that non-repainting indicator is the biggest trick!

Some people confused repainting indicators with continuing painting indicators.

  • repainting indicators: those indicators are repainted on the previous/close bars (re-painted by mistake made by the coders or it was coded especially like that based on scalping theory, patterns or any);
  • continuing painting indicators: all the indicators are continuing painting on the open bar (and it is normal case, and it is nothing with repainted).

That is why many traders are trading on close bar (because most indicators in the world are not repainted on close bars).

Means: if someone asked something as- "I want to have non-repainted indicator" so it sounds like the following: "I want to drink water but I want to be sure that it is the liquid." :)
We must be sure of course ... but it is the other story.

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