You are right my friend. I don't care about the signal arrows. Nadaraya Watson nature is to repaint. It has an amazing ability to show price extremes for scalping on M5 or M15 charts. Here is a picture of what I designed myself with using Nadaraya Watson estimator and MT4 own Envelope Indicator. It's very Close to Tradingview one. As you can see in the chart once the price exited the channel it reverses to the mid line.
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Re: Trend Indicators for MT4
tank.turner2, Sun Sep 18, 2022 10:28 pm