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Re: Something interesting please post here (Metatrader)

TEAMTRADER, Fri May 03, 2024 7:46 pm

I am not sure how this indicator works but the divergence section of it does not work.

REQUEST:
  • If the divergence lines were drawn it would be a really great indi.
  • If the fast line was to give an on-screen signal (line/arrow) when it crossed zero then this would be of great help.
in live trading it does, remarkably, live up to its name as a 'forecaster'.

If anyone does use this indicator there are 3 very important things to look out for:-
  1. when the fast (DodgerBlue/Black) lines cross the lime area it is always (so far) a safe exit.
  2. when the lime histos and darkblue histos are between the levels +0.5 and -0.5 it is a sideways movement.
  3. when the fast (DodgerBlue/Black) lines crosses zero it is a very accurate signal (that is why a signal or alert is needed).
  4. As I said the divergence does not work but if it is as good as the rest of the indicator it will be a very useful tool
    Every time it is refreshed the indi recalculates - but it does not repaint in live trading.
I'd be interested to hear how this indicator is so accurate if anyone has any insight.
Thanks
TEAMTRADER
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