I am currently in the process of trialling out a new trading strategy using the Vertex Mod 3.1 Indicator and I have read many times that this indicator repaints so its basically not useable at all. BUT, for my strategy, I am not planning on using the arrow signal or the dot signal of the vertex because obviously, it is not good to use a repainting signal to get into a trade because it disappears all the time and is not valid. Instead, I want to focus on the two line crossover funtionality within the vertex signal because from what I can see, this can often give really nice signals for upcoming swing reversals (especially on the higher timeframes)
So to help me research this idea, I spent some time with the vertex indicator on a 1 minute chart & 15 minute chart to see how these two lines are plotting themselves and to see whether it repaints itself in any way. From what I could see, the lines themselves move around when the candle is playing out (of course) and then they are confirmed once the candle closes. They then seem to stay this way and do not repaint over time.
Therefore, from my basic research, I cant see any reason to say that the vertex lines (only the lines) repaint. And given the accuracy of these spiking type signals, I am not understanding why everyone writes off this indicator off so quickly without at least playing around with the other parts of it. Am I wrong to think that these lines do not repaint? Or am I wrong to say that this indicator is not giving off good signals when we see these RSI type o/b or o/s spikes appearing on the indicator?
If anyone knows any more about this, can you please tell me why people say that these lines are 'repainting' because from what I saw on my live charts, the lines didn't move after the candle had been closed, just as any other line based indicator would work. Am I missing something here?
Any help is greatly appreciated!!!