Codersguru, are you a trader or merely a coder? If merely a coder, I am sure this indicator is very helpful for all kinds of things that coders do. If you are a trader, would you please tell us how you trade this indicator?
And specifically, what do you do if you are in a long trade and the indicator changes color 2 bars behind you? Do you quickly reverse position? Or do you stay in the trade hoping the indicator will change back according to price movement?
I'm very interested in knowing how someone would trade with an indicator that changes color in previous bars.
Also, how does one backtest using this indicator? I mean, I am sure I could develop an indicator that looks back 50 bars and changes all the previous bars to red when the market was sinking, and all the previous bars to green when the market was climbing.
Then I could release the indicator and people would look at it, backtest it, and think they had the holy grail. Problem is, I would sooner or later have to explain to them that indicators that change the colors previously are no good in backtesting, and not much good in live trading.
Please, help me understand how you actually trade with this indicator.
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Originally Posted by codersguru
Thanks viat!
You are right! There's no indicator that's not repaint ( calculating) the past!
But repainting the past they meant is " An indicator that changes the drawing he made in the past" or they meant " An indicator that calculate the future if the past (-1 index indicator)". or they mean " It's too bad to share your indicator, or you share it because it's bad"!
Anyway, It's a moving average indicator that colored itself according too the value of the previous bar! if this means it repaint the past I'll remove it from my site and close the thread! if it does not repaint the past I'll remove it too from my site but I'll not close the thread!  kidding! |