Thread: Nonlagging Tools
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Old 01-10-2007, 02:52 PM
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Quote:
Originally Posted by cami
Hi,

Today i had 2 trades, the first one a long in london session, cable at 1.9400, a very ugly one with mtf and price trender crossing and uncrossing, so it was terribly difficult to make a safe entry, got +11 pips there.

Right now a short at 1.9366 already +10, waiting for final exit, this time not so difficult, New digital would like to ask you which indicator would you use to confirm MTF AS, because i am using basicly price trender and today it dissapointed me by far, any suggestion for an indicator that does not repaint?

thanks a lot my friend.
PriceTrend is more informative than PriceTrender. PriceTrend indicator will give you the information about where the price now and what will be in the near future. But it re-paints of course.

not repaint?
MACD, VQ, any RoundPrice or MA or digital filters, any versions of fibo/pivot (to see above/below pivot line whch is uptrend/downtrend for me in M5 timeframe), any kind of NRTR. Stochastic, Parabolic ...

MA is ok: you may set many levels and you will see some kind of a channel to understand about "to enter or not to enter what is the ..."
FiboChannel indicator is ok as well.

And standard Metatrader's indicators are not bad really. Those indicators are very good and do not re-paint. Just a settings ...

Asctrend indicator may be ok.
Or LabTrend by Igorad.

CCI or WoodieCCI.

Don't complicate this subject
All you need to know is the following:
- where the price is right now or which kind of trend do you have and when this trend will be finished (by indicators);
- where the price was some time ago and which kind of trend was some time ago (by indicators);
- what to do in the near future and when (you always have a choise in this last option , I mean option about what to do in the near future ).

"Where the price was 30 minutes ago" for example - MACD, any versions of CCI, any pivot and so on.
"Where the price is right now" and "what to do in the near future to be ready": MTF indicator, priceTrender or PT and so on confirming by others but "not - repaint" indicators.

Stochastic may be good. Just probem with settings for M5 timeframe. 34/5/5 may be good.

Why pivot is good? If you are not using pivot, or any support/resistance/levels and so on, so you should confirm M5 timeframe on H1 or H4 timeframe. But it is MTF already and as you know MTF is re-painting the past. So pivot/fibo/support/resistance/NRTR (reversal) may be ok. Just for orientation.
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