Beginner with indicators here: Thanks in advance for the guidance.
I'm trying to understand the logic of this EMA cross indicator (attached) as it seems to filter close crosses. Take a look at the pic below:
http://i118.photobucket.com/albums/o...terexample.gif
It's an EMA 5/4 cross (of close). You'll notice 2 red down arrows and no up arrow in between. There's a cross in there but the indi filtered it.... I took a look at the code and my guess is that it's got something do do with the avgrange and count stuff in there... if somebody could spell out the logic for this Luddite I'd be most appreciative.
I guess the other question is does that mean the indi repaints? I didn't notice any in a visual test I did with strategy tester but my 9 month old was dividing my attention at the time....
Again thanks for the help!
I'm trying to understand the logic of this EMA cross indicator (attached) as it seems to filter close crosses. Take a look at the pic below:
http://i118.photobucket.com/albums/o...terexample.gif
It's an EMA 5/4 cross (of close). You'll notice 2 red down arrows and no up arrow in between. There's a cross in there but the indi filtered it.... I took a look at the code and my guess is that it's got something do do with the avgrange and count stuff in there... if somebody could spell out the logic for this Luddite I'd be most appreciative.
I guess the other question is does that mean the indi repaints? I didn't notice any in a visual test I did with strategy tester but my 9 month old was dividing my attention at the time....
Again thanks for the help!
Attached File(s)