This indicator is an excellent MLaden Elliot NRP oscillator - but 'recalulates' the last signal. Not as bad as repainting but obviously backtesting it is a waste of time as it ALWAYS shows perfection. It will always show the previous top or bottom via the BLACK histogram.
HOWEVER it is a fabulous EXIT WARNING during sideways movements.
To make this a foolproof indicator could the last signal (the black histo) NOT be recalculated and allow these black histos to remain and repeat until the next opposite signal?
The huge benefit of this will be it will show areas of fast and furious price movement as well as the accurate control of exits in sideways moving markets - a double benefit.
I hope this amendment is a quick and simple change.
Thanks
TEAMTRADER