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What does it mean when Indicators repaint?

  • #21
  • Jan 17, 2017 4:35pm Jan 17, 2017 4:35pm
Quoting hanover
Visual examples of repainting and non-repainting indicators Regression lines are an example of an indicator/study that 'repaints'. In the first screenshot below, candle 'B' closes above the high of the swing low candle 'A'. But looking retrospectively at that point the chart, you might think "Whew! I would not have bought into a losing trade here because (1) the 'trend' is down (regression channel is sloping downward) and (2) price was overbought (candle 'B' closes above the regression channel)": {image} But the reality is that, at the time candle...
Very interesting...
Now that we know what indicator does NOT repaint.
I wonder if there are any great EAs based on Bollinger Bands?

Thanks
  • #22
  • Aug 27, 2017 7:40am Aug 27, 2017 7:40am
Quoting shjensen8
Hi, could someone please explain to me a few things about what it means when an indicator is said to repaint . 1. What does it mean? 2. How does it compare to one that does not and how can you tell the difference? 3. Is a indicator that repaints usless? Thanks for any input.
I have non repaint version of it but it is not good because it signal comes after the the close of the second bar
  • #23
  • Aug 27, 2017 7:58am Aug 27, 2017 7:58am
Quoting shjensen8
Hi, could someone please explain to me a few things about what it means when an indicator is said to repaint . 1. What does it mean? 2. How does it compare to one that does not and how can you tell the difference? 3. Is a indicator that repaints usless? Thanks for any input.
I have non repaint version of it but it is not good because it signal comes after the the close of the second bar
  • #25
  • Jan 24, 2018 7:26am Jan 24, 2018 7:26am
Quoting SlimDaddy
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According to my own experience Fractal indicator works in the only rangy market; not in the trendy market!
  • #26
  • Jan 24, 2018 9:34am Jan 24, 2018 9:34am
Quoting Majeeda
{quote} According to my own experience Fractal indicator works in the only rangy market; not in the trendy market!
This is not Fractal indicator. Check screen shots. Once signals come out at the beginning of the candle, they will not disappear in future.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 28 KB
Click to Enlarge Name: EURUSDM5.png Size: 25 KB
  • #28
  • Feb 4, 2018 7:18pm Feb 4, 2018 7:18pm
Its pretty simple....Any indicator that changes its previous decision when thing go wrong... Thats just my opinion.
  • #29
  • Feb 5, 2018 5:58pm Feb 5, 2018 5:58pm
Since indicators repaints 99% of the time, I trade the opposite of the indicator direction. For instance, if an arrow indicator is indicating that is the market is going up. I use an stochastic for a "SELL" entry and trade the opposite direction of the indicator.
  • #30
  • Mar 22, 2018 6:14am Mar 22, 2018 6:14am
Quoting yangk23
Since indicators repaints 99% of the time, I trade the opposite of the indicator direction. For instance, if an arrow indicator is indicating that is the market is going up. I use an stochastic for a "SELL" entry and trade the opposite direction of the indicator.
Interesting; so, are you using this opposite strategy for a long time? May I know your indicator list please?
  • #31
  • Mar 24, 2020 7:04am Mar 24, 2020 7:04am
It means when an indicator keeps changing its values. It uses future data to come up with the values and entry signals.
  • #32
  • Last Post: Jun 12, 2020 3:50am Jun 12, 2020 3:50am
Indicator repainting is a term used to describe an indicator that is repositioning its line at the point where the current price bar is forming. Most indicators do this to some extent unless they are applied to the open price. If the indicator is applied to the close price as most are by default, the indicator will use the last price quote received as a pseudo close price until the bar finishes forming this means the indicator can change its position on every new price quote while the price bar is forming. It is most noticeable if the indicator is created from a low number of periods.
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