valdecchio wrote: Mon Jun 22, 2020 9:29 pm
ok now I'll read it ...
but if an indicator defines itself as NOT repaint ... why does the signal disappear, as shown by my screenshots?
If you have set the timeframe to Weekly MTF on a 1 Hour chart, of course the signal will appear and disappear throughout the WHOLE WEEK as this is how long the Weekly candle is OPEN for. And whilst the candle is OPEN, it's providing data to the indicator so that the indicator can calculate and plot it's readings etc.
A lot of new traders do not understand that in order for an indicator to move, it needs to gather information from PRICE (candles). Indicators do not dictate and tell price what to do.
Once the WEEKLY candle has CLOSED (at the end of the week), the MTF signal on the 1 Hour chart is locked in and will not change ever. This is the definition of non-repainting.
Please read the link I sent you.
There is no such thing as higher timeframe MTF and locking in signals while the higher timeframe MTF candle is still OPEN
Why? Because the indicator is constantly calculating and plotting it's calculations whilst that higher timeframe candle is open.
Hopefully this helps you understand how things work.