Moon Phase

[Apprentice]

moon phase.lua

(3.46 KiB) Downloaded 1430 times

The indicator was revised and updated

[briansummy]

Looks sweet but does it repaint? If there is no repainting I am begging a strategy for it!!! LOL

[Apprentice]

Doesn't repainting, don't have direct correlation with the price.
Although I am a bit skeptical, you have requested this one,
I am here to deliver. But do not laugh.
Toss a coin as a method is justified,
whene you are using appropriate risk management.

[briansummy]

I totally understand. If it doesn't generate anything significant please do not waste any time with it.

[alpha_bravo]

http://www.youtube.com/watch?v=bGMsAYgoL3Y

[Jeffreyvnlk]

I think it better to have tracked NFP released instead of moon

[Jeffreyvnlk]

moon phase.png

moon phase.lua

I this indicator slightly different to reality. Sometime it pointed early ,other time lagged about 1-2days

[Apprentice]

Bump up.

[logicgate]

Moon oscillates between full and new during a period of 30 days.

There is no magic to this, if you plot it you gonna get a constant sinewave.

Given that the market moves in waves/cycles, of course there will be a time that the peaks and throughs will align with the lunar phases sinewave, this is no different then using a cycle indicator, which is better because you can adjust the cycle when it gets out of sync.