DrNefario wrote: Wed Feb 03, 2021 9:45 am
Thanks for the heads up!
Yeah, false signals happen but I believe a 55% winrate give or take, as long as it remains constant through longer periods and multiple forex pairs, with a 1:1,5 risk:reward seems pretty decent to me.
The problem, when filtering, is ending up filtering more good trades than bad ones.

But I do like the the option of colour change on slope, it does give some signals 1 candle earlier on default settings. It would be nice to check if that candle does make a difference. Maybe a filter here would work nicely when using higher periods rather than the 6,3 defaults.

MrTools would you be able to incorporate such option (colour change on slope up & down + the option to add arrows to the chart when the slope change takes place)?

Best regards