i would like to get some toughts from others about this topic ..
since Re-Painting indicators are widely regarded as a big NONO .. or the evil used by Scammers ..
the secound thing is clearly true .. however i personally do use a Replainting Indicator (some fisher abstraction/mod)
simply to make the view more clear ... sure i would never trigger a trade based on it as it's not its pourpose.
why is it that the fact somethings does correct in past bars or on a histogram is such a evil thing ?
specially if one knows exactly how many bars will "ajust" to make the lines more smooth.
specially in my case the indicator does easy point me to the place where i "should" have entered but i didn't for some reason ..
so it kind of helps finding better edges in price-action .. and or points structures out.
as example i do enter the market for some reason .. 3 bars later the indicator made it clear that i chould have been there 3 bars more early ..
that make me look at this particular place and try to figure out why i didn't
on the entry side .. well sure its not the pourpose of it .. but it makes the view from far away clearly (specially if use multiple timeframes)
i as example have the 2h chart filling 60% of the screen and a 9-20m chart filling 30%.
the indicator helps me to see from far away if things are about to align ..
also if a repainting indicator makes no straight line .. its a good indication to avoid the market
if the 3 bar smoother can't smooth it .. the price action usually looks like a maze as well
since Re-Painting indicators are widely regarded as a big NONO .. or the evil used by Scammers ..
the secound thing is clearly true .. however i personally do use a Replainting Indicator (some fisher abstraction/mod)
simply to make the view more clear ... sure i would never trigger a trade based on it as it's not its pourpose.
why is it that the fact somethings does correct in past bars or on a histogram is such a evil thing ?
specially if one knows exactly how many bars will "ajust" to make the lines more smooth.
specially in my case the indicator does easy point me to the place where i "should" have entered but i didn't for some reason ..
so it kind of helps finding better edges in price-action .. and or points structures out.
as example i do enter the market for some reason .. 3 bars later the indicator made it clear that i chould have been there 3 bars more early ..
that make me look at this particular place and try to figure out why i didn't
on the entry side .. well sure its not the pourpose of it .. but it makes the view from far away clearly (specially if use multiple timeframes)
i as example have the 2h chart filling 60% of the screen and a 9-20m chart filling 30%.
the indicator helps me to see from far away if things are about to align ..
also if a repainting indicator makes no straight line .. its a good indication to avoid the market
if the 3 bar smoother can't smooth it .. the price action usually looks like a maze as well