sal wrote: Wed Nov 17, 2021 12:40 am
channel repainting, pls. check..
It is not a repainting channel... it re-calculates re-draws as designed or intended using the dynamic ATR value calculated based on an auto-generated input period/length by the DCP tool ─ a variation of john Ehlers' homodyne discriminator. A Fixed ATR1 period of 9 and dynamic ATR2 period = N (an auto-generated period whichever is higher between current tf DCP or next tf DCP generated value (stored inside global variables ─ Press "F3" key on your keyboard, then the MT4 platform will show the data)
More info about using the DCP tool here >>>
viewtopic.php?p=1295450444#p1295450444
...Or you may turn off the said tool that auto-generated and input the period dynamically in real-time.
Click this button to turn off the DCP tool.
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This tool is actually more suited for the discretionary type of traders... or actually depends on the one who sees this tool viability or seeing it beneficial for his/her existing systematic trading plan/strategy... then tested, tried, and finally see with own eyes if this tool works or not.
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Since Frank Sinatra sings in his own way, my charts sing... ♪  I did it, My... Way...  ♬ ; )─