Appreciate the feedback, ChuChu Rocket! I do agree there is potential here if Guner takes our feedback into consideration and improves the flaws to make what could possibly be a standout reversal indicator.ChuChu Rocket wrote: Fri Jan 12, 2024 7:32 pm TransparentTrader's post above includes some great observations especially how the green "X" continue to accumulate on the yellow line on the charts (midway on the chart) - I actually missed this until it was mentioned. Really good points and thank you for the write up/observations.
This is an interesting indicator and I don't think all is lost as a project if the author is willing to understand these foibles I think they might be able to make this a worthy code for a sale but for now there are certain flaws highlighted and the animated GIF posted by SijjiN totally caught my attention as well as TransparentTrader's input. If anything, these type of posts give this topic additional merit and will help the author![]()
Thankfully, the discussion no longer revolves around the obvious culprit of repainting and recalculating.
This is another great idea and definitely something to consider. I would lean more towards normalization as it would standardize the indicator's values and give it more usability across a wider range of instruments and timeframes.wojtek wrote: Fri Jan 12, 2024 7:53 pm If there is no signal delay or recalculation / repainting, then there must be a scaling problem.
Appropriate normalization could be a solution, maybe detrending e.g. using some MA or so.
Guner, I think more context needs to be provided to your photos.guner wrote: Sat Jan 13, 2024 2:26 am gold 15 m
c=2.7
is it bad.?
but after wait it win.
forex need good enough margin.
Do you simply buy at the blue signals and sell at the red signals without doing anything else?
Or do you any other information about money management in relation to your indicator (how much of your account to set for the stop loss, how many pips/points away from the entry, where and when to take profits and exit a trade, etc.)?
Without these basic rules at hand, I'm inclined to believer the former is what you're implying whenever you post your charts.
We can't really take away much from this testimonial.guner wrote: Sat Jan 13, 2024 2:51 am the man just send me the result of my indicator ..
he just bought only 2 day before..
he said
I wanted to share with you the results of your indicator on the demo account
For the first time in my life, I entered successful orders on the demo in a very short time
Can we see some example charts of this gentleman's trades? Any indication of the rules he's using to determine when to exit trades with a profit? Or how much of a drawdown he's willing to withstand if price doesn't immediately go his way after entering a trade?
Given that there are a mix of losers and winners in this person's screenshot, there clearly was a point where a win was good enough or a loss was too much.
Please understand our skepticism doesn't come from a place of negativity. But when you're posting very vaguely without providing more important details, it makes the traders on this forum very hesitant to believe your claims.
"to say that not right"
ChuChu Rocket has every right to ask you which man you're talking about, especially in the context of sharing this testimonial with the intent of persuading people to buy a lifetime license to your indicator.
I hope you'll take some of the feedback provided by myself, SijjiN and wojtek into consideration. Lots of potential in your indicator if those few errors are fixed and more relevant information is provided!