ChuChu Rocket wrote: Thu Sep 02, 2021 1:57 am Ok, I've been observing this code as a test on the 1M charts.
My findings are that all the triangles it draws are valid. Even the ones that disappeared and repainted, they were valid for a short time (on average about 10 candles).
The triangles that remained on the chart and continued onwards did not repaint later.
It seems to only be the most recent triangle plotted on the chart which was prone to disappearing later if the trend continued opposite to what the triangle was telling you to do.
However, during my watch of 4 x pairs, every time it recognized a triangle pattern and showed it on the chart, you would be able to scalp for at least 5 to 10 pips with it on the 1M. Regardless if the most recent triangle disappeared later on.
Quite a good indicator. And as josi said if you combine this indicator with another, it's a huge winner
Your observation is so careful. This observation is necessary.
The triangle indicator just suggests a rough range. When I use it, I only use it as a large-scale reminder of long and short. Do not treat it as a precise point of sale. Add a triangle to the main chart without even looking at trend lines such as MA.
My buying and selling points are still the color consistency of the arrows or indicators.
In short, I only compare the shape of the triangle (after stabilization) with the color of the Dynamic zones polychromatic momentum bars 1.02 indicator to see if they are consistent.
