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Originally Posted by kjhfdgjfhdghdf
Its an ok indicator it lags and repaints less than most others, has anyone put this in ea use the alert to open positions in case you not here?
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Lag is a sense in traders mind because he/she feels the indicator itīs showing the things too late.
Itīs a misconception of what is the purpose of indicators and the most common description of two types of them.
Type one indicators are based on price only: The indicator is calculated using price, last price, because that are called leading indicators. IE. Stochastics.
Off course, these indicatorīs laggy too because have to wait for last price.
Type two indicators are based on another indicator and because that are called lagging indicators. IE: MACD which is based on moving averages.
In fact, all technical analysis is lagging, how much lag you have in you analysis depends on yours trading technique. Specially if your trading is based only on indicators.
The idea behind TA is to understand the behavior of past data to "predict the future".
If you need to predict the future without lag go with fundamentals.
Most fundamentals can tell you whatīs going on next year, next decade.
And last one(or must be the first
): youīre lagging the future because youīre behind.
About repainting: I donīt know what indicators you use and yes, this indicator does.
But classifying "most" of the indicators like repainting ones?
Maybe you have bad luck and the indicators you choose to trade repaints, but believe to 99% of traders, thereīre few.
And these few have mistakes in the code that could be corrected.
Make a list of indicators you have with this problem and I tell you why and how to fix.
Bi