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DYNAMIC RANGE INDICATOR - Identify Reversal Points in Trends
NEWDIGITAL: I am to send you a trial version so you see this indicator is not a kind of scam, but couldn't send you a PM. Please give me your email and I will send you the indicator. It might be helpful to you, as well. Thanks
Hey Guys,
Wanted to let you know a new indicator of my development, whose goal is to identify reversal points in trend, before the trend has actually started.
It uses a mechanism to identify overbought and oversold periods in price and signals Buy or Sell.
Could you please post 2 charts with your indicator on it on the
eur/usd between the 1st and the 18th of december 2008 and on the
gbp/jpy between the 7 aug 2008 and 4 sept 2008
like the periods you see on my chart ?...
The reason for asking me is that sites who sell trend following indicators have the tendency to show only images of beautifull trend but where nearly every trend following indicator would perform well. But they do not show any images how the indicator would perform in ranging markets. So one can not see how it would act in "BAD" periods. Once the indicator bought and you place on a chart one sees that this particular indicator has no real edge over any other indicator.
So before buying your indicator it would be nice to see how your indicator performs in so called "bad" periods for that indicator. Meaning nice trending markets. Because it is of no use to see the profit that one makes in ranging markets is given all back again in the trending markets where one could have again 10 consecutive losing trades. As up till now there is still no indicator found (and probably will never be found) that can tell you without any lag that one would be in a trending market or a ranging market. So when to use your indicator or a trend following indicator.
I hope you understand that a serious trader does not want to know where an indicator would perform very well but is more interested in where an indicator can cause a lot of problems.
Trading is not about making money in good market conditions but is about surviving in bad market conditions
TNX in advance for you help.
regards...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
goldensight: The indicator has nothing to do with FXUltraTrend. That one is an trend-following indicator while this is designed specifically for identifying turning points.
iGoR: You got it. Attached the two charts at the end of post.
As you see it caught the entire trend without any signals in between. This is not modified by any means.
You mention that you can't send a PM to new digital, but you have your account set-up so that no one can send you a PM either - why? There is also no contact info. in your ad, so it makes me wonder if you provide any support.
Why do you show only the profits on your charts, but not the losses? For example, the after the 2nd blue arrow on the 1hr e/u chart, the price soon reverses for a huge loss.
Will you post your account statement?
Does this indicator repaint?
Do you provide the .mq4 or .ex4 file?
Quote:
Originally Posted by ContraTrader
NEWDIGITAL: I am to send you a trial version so you see this indicator is not a kind of scam, but couldn't send you a PM. Please give me your email and I will send you the indicator. It might be helpful to you, as well. Thanks
Hey Guys,
Wanted to let you know a new indicator of my development, whose goal is to identify reversal points in trend, before the trend has actually started.
It uses a mechanism to identify overbought and oversold periods in price and signals Buy or Sell.
NEWDIGITAL: I am to send you a trial version so you see this indicator is not a kind of scam, but couldn't send you a PM. Please give me your email and I will send you the indicator. It might be helpful to you, as well. Thanks
Hey Guys,
Wanted to let you know a new indicator of my development, whose goal is to identify reversal points in trend, before the trend has actually started.
It uses a mechanism to identify overbought and oversold periods in price and signals Buy or Sell.
Hi Contra Trader,
i am very impressed with your indicator. Can you provide me this indicator for backtest in order to proof if genuin, please?
If so, i gonna pay you the price for it.
Cheers.
Linear Mode
