FXCodeBase.COM: Forex Chart Indicators and Development

Please help out; exactly how does this indicator work; the dots and recolouring, appearance and disappearance; it is confusing me, please shed some light on this,

thank you..

If you have the patience, this is the link to the theory and practice. As you will discover it has evolved over a period of time, but page one explains the theory and how to trade.

http://www.forexfactory.com/showthread. ... +trendline

Version 3.01 is the one that has been ported from MT4 to Marketscope. It gives good entry signals, the difficulty is getting the exit sorted out.

Worth following up in my modest opinion.

Ross

The version posted here on from the MQL port seems to be repainting. Is there any way that someone could get this to paint on the close of a candle rather than the tick? It seems to be giving false signals due to the repainting. I'm using this on an 8h chart for reference.

Thanks,
Mfoste1

The indicator can be redrawn as well as it's MT4 original.

good indicataor but it is not usefull can you guys made that he can not repaint it will be beter if indicator stay where he apperes

Just wanted to add my voice to the requests for a signal or strategy for this indicator. One that would allow a filter for major cycle buy or sell would be fantastic. I don't mind the repainting, but a static or dynamic option would solve the problem for those that object to repainting. Your work on our behalf is greatly appreciated.

Indicator was revised and updated.

Apprentice,

I have a question about repainting of indicator. How many candles repaint as function of parameters? Specialy with all parameters to 1 for example.

For all available data/candles.