• Popov
  • Popov
  • Lead Developer
  • Offline
  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,972

Topic: Repainting Indicators are Good!!!

I just watched a video at YouTube and the author of an indicator explained that the indicator repaints signals sometime.
It removes some of the failed signals.

It was good because in that way your chart was not cluttered up with losing signals!!!!

Amazing logic.

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  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,848

Re: Repainting Indicators are Good!!!

I use extensively one repainting indicator, TMA bands on two timeframes for manual trading. I actually never look back to see how awful the thing is  because I am trading using only the last couple bars.

A new trader is much more aware as to which indicators do repaint.

Each indicator has a purpose, some good points and some bad points, it is up to the trader to use whatever he can to make good entries.

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