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.
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.
Since Frank Sinatra sings in his own way, my charts sing... ♪ I did it, My... Way... ♬ ; )─