ROI wrote: Sat Jun 07, 2025 5:44 pm
Thanks DavidPont, I do not have these setups/indies, I was looking pictures in this thread, and those just look too good to be true.
My personal opinion about these "repainting type" indicators is that they are as useful as other non-repainting indicators,
BUT you always have to bear in mind their repainting nature.
Don't trust them solely. You need your additional confirmations to validate their signals. Like semaphores, they will repaint if the market continues in the direction of the current trend, but still, you see the signal of a potential reverse/pivot point. Not tradeable yet, the market structure (and other confirmations) need to align with the new direction, but they have already put that market on your radar.
In Beatle's system, it is the same with the EOW arrows. They will highlight potential reverse points, but they will repaint if the current strength is still strong.
Similarly, SupnRes lines will repaint of they are breached heavily (in case of a short pullback happens and trend continues)