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I trade this indicator as follows:
For Sell:
I measure the lower band (violet) and compare it to the higher band (violet). if lower volume is bigger I am in sell so I wait till a peak is formed and I sell.
For Buy:
I measure the higher band (violet) and compare it to the lower band (violet). if higher volume is bigger I am in Buy so I wait till a Trough is formed and I Buy.
Value=0.33*2*((_price-MinL)/(MaxH-MinL)-0.5) + 0.67*Value1;
This line gives "Divide by zero" error
Hi,
Is this indicator repaint ? I checked by visual mode of strategy tester and by live market, the latest bars of the indiactor changed by market price movements for at least 2 or 3 latest candles. Is that right?If so we can not trust the indicator for at least 3 candles after the movement happened.
CandleTrader,
Yes, it repaints. But not in front of you. As long as the chart is live, I haven't seen it repaint. It repaints when you reload the chart a good while after.
I trade this indicator as follows:
For Sell:
I measure the lower band (violet) and compare it to the higher band (violet). if lower volume is bigger I am in sell so I wait till a peak is formed and I sell.
For Buy:
I measure the higher band (violet) and compare it to the lower band (violet). if higher volume is bigger I am in Buy so I wait till a Trough is formed and I Buy.
Will writing an EA base on your expatiation work/be profitable?
I have try to use your indicator and I notice that it re-paint big time especially on H4 TF