I have spent weeks on this problem and last week I changed my renko indicator and then amended the TmaCoG indicator (nothing meaningful) and removed all other indicators and then added my most reliable indicators one by one.scarletPip wrote: Sat Sep 02, 2017 9:21 pm
Teamtrader,
I also use this indicator and find it to be very useful in finding targets and turning points.
Thanks always to Mladen.
1. This indicator is quite demanding. I find it useful to add more than one one different TF to determine local price direction and future price direction and my MT4 cannot support more than 4-5 bands before it freezes. I also cannot get an offline chart in strategy tester to work with it. It is the nature of MT4. Are you using the offline chart to get a higher TF while testing?
2. Probably not; maybe a more powerful PC can do it.
While the historical band positions don't recalculate at all (I think?), in a sharp upturn or downturn, the first 6-7 bars of the band's position (do you know the exact number, Mladen?) can move away from past price. On higher timeframes this can have a big effect. This does not make it less useful, but it is important to be aware.
This is the result (illustration) and if last week was anything to go by when the freezing was so minimal I can live with it in live trading.
The best trades were when the 34 HMA broke outside the band - that is a great confirmer.
TEAMTRADER
