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Re: Is this setup valuable?

114 by Eis
updowncrude wrote: Fri Jul 04, 2025 11:41 am Scam, yes ,that is correct to the Old school.
No fresh thinking,Already AI agents are there and technology is there,
Again I post the chart as of now;
Im saying logically it doesn't make sense even the best high low indicators take 3 final bars before making a rational decision

If it works for you 🤷‍♂️ probably a fault of the deep seek description

High Low v2 description

One of the “Holy Grails” of indicators is to find one that can mark Swing High and Swing Low bars without “repainting”. Repainting is where an indicator will mark a bar with a graphical symbol and then some bars later move (repaint) or remove the symbol. The internet is full of spectacular pictures of indicators marking Swing Highs and Lows perfectly. Not until one actually runs an indicator do they become aware of the repainting that often takes place.

Since no Swing point indicator can possibly know whether a Swing High or Low is going to be surpassed in the future, this is always unavoidable if you are marking the just-closed price bar as a swing high or low bar. The same problem affects the Zig Zag indicator and other indicators of that ilk.

To better handle this, the HighLow indicator requires that the three bars immediately following a bar must be lower than that bar in the case of a Swing High bar and Higher than that bar in the case of a Swing Low bar. Of course, while the HighLow indicator will not repaint, the trade-off is that the HighLow indicator will not mark bars until three bars after a Swing bar. So there is some lag that must be tolerated. Also, same direction swing points can appear as early as 4 bars later. However as prices typically retrace, the indicator can still be useful to the patient trader and signals given may be better confirmed by other indicators or price action at a later time.

The BarsPreceding input is the most critical input. The larger this number the more significant are the Swing points that get identified.

Unless you’re freaky like Gann’s square of 9 or Ascend fractal chart

The Trend line Enthusiasts
Meyney, RplusT, Frøst, Jedidiah
“Market is a snake shape bro always will be”
Intrigued

Re: Is this setup valuable?

117 by kudrpenk
updowncrude wrote: Fri Jul 04, 2025 1:01 am zigzag is not used,
It is a simple indicator lookback swing bars and RSI threshold,
parameters attached.
Just two signals traded
Deepseek says it is a non repainting indicator with RSI filter.
Indicator Overview
This indicator combines swing point detection with RSI confirmation to generate trading signals:

Identifies swing highs/lows using a lookback period (default 5 bars)

Confirms signals with RSI (default period 14)

Uses a 50-level threshold for both buy (RSI <50) and sell (RSI >50) signals

Claims to be non-repainting through confirmed signal buffers 1

Strengths for H1 Trading
Non-Repainting Nature: The indicator stores confirmed signals in separate buffers (ConfirmedBuyBuffer/ConfirmedSellBuffer), which suggests signals won't disappear after formation 1. This is crucial for reliable trading.

Combined Approach: Using both price action (swings) and momentum (RSI) provides better confirmation than either method alone 58.

Alert System: The built-in alert functionality can be valuable for H1 trading where constant chart monitoring isn't practical.

Customizable Parameters: You can adjust the lookback period and RSI settings to suit different market conditions 8.

Potential Limitations
RSI Threshold: Using 50 as both buy and sell thresholds may generate many signals in ranging markets but could miss strong trends where RSI stays above/below 50 for extended periods 7.

Swing Sensitivity: A 5-bar lookback on H1 may be too sensitive, potentially generating many false signals in choppy markets 1.

Lack of Trend Filter: The indicator doesn't incorporate any trend identification, which could lead to counter-trend trades in strong trending markets 8.

No Risk Management: The indicator provides entry signals but doesn't suggest stop loss or take profit levels 5.

Recommendations for Live Trading
Thorough Backtesting: Before going live, backtest extensively on H1 charts across different currency pairs and market conditions 8.

Parameter Optimization: Consider adjusting:

Increase lookback period to 10-20 bars for H1 timeframe

Use traditional RSI thresholds (70/30) or adjust to 60/40 for stronger confirmation 8

Test different RSI periods (9 for more sensitivity, 21 for smoother signals) 8

Add Complementary Filters:

Incorporate a trend filter (e.g., price above/below 200 MA) 8

Add volume confirmation if trading liquid instruments 8

Use support/resistance levels to filter signals 5

Risk Management: Always use stop losses (consider 2% rule mentioned in search results) 8 and proper position sizing.

Start Small: Begin with small live positions to verify real-market performance before committing significant capital.
Screenshot 2025-07-03 202634.png
I wish you a cheerful mood! I can't find all the HTF RSi final indicator threads here. Please share or tell me where to find them?? :)

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