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Originally Posted by mikejody
Simba, did you see the post that this indicator does indeed rewrite history?
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Hi Mikejody,
I just saw your post a few minutes ago.I checked for 1 min TF with very short settings of 5,2,0,0.8 to see if it repainted and it did.I was as surprised as you from this fact.
It seems to me that you spent a lot of time on this indicator and that you are frustrated by it.I spent several hours making a MULTIPLE TIME FRAME VERSION in histogram form(Please see attached picture "Be like water my friend.." on bottom)because I thought this had potential(and I am not a programmer,just modified several MTF indicators until I got the right one by trial and error) and now I do not know what to think.I have attached it as MTF xpmatrend.ex4,if you want to use/check it fel fre to do so,if you want the samelook use with lower limit 0.45 ,higher limit 0.55,it seems to work but now I am not so confident.
I hate repainting indicators for the false signals they give,on the other side I think that we have to take into account:
1-REPAINTING:It does not seems to be coded to repaint intentionally, but-in my non programmer opinion- this is a byproduct of the code used in calculating the xpma,Ithink that the longest the period we use(ex:34 periods)the less effect it has on timing of entries/exits.This can be answered by either Codersguru or any other programmer.SOMETHING THAT INTENTIONALLY REPAINTS DOESNOT LEAVE THE KIND OF "COLOUR GAPS "WE CAN SEE IN THE ATTACHED PICTURES.
2-CODERSGURU:I do not know him personally,but from the posts he has written I have the feeling that he is not the kind of person to voluntarily mislead others.My opinion of him,and I think it is shared by the vast majority of forum members,is that he is an exceptional programmer that shares most of his work to help the community.So,I would like to hear his explanation about this repainting before forming any fixed opinion about this matter,it coul have ben a code mistake,etc,etc..
Best Regards.
SIMBA