Ron's SilverTrend Indicator | Forex Factory

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Ron's SilverTrend Indicator

  • #1
  • First Post: Feb 28, 2007 8:02pm Feb 28, 2007 8:02pm
Does anyone have any experience with this indicator? I'm wondering if it repaints itself or not? Thanks in advance
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  • #2
  • Feb 28, 2007 8:05pm Feb 28, 2007 8:05pm
It does and is therefore useless.
T
  • #3
  • Feb 28, 2007 8:12pm Feb 28, 2007 8:12pm
Thats what I thought. Thanks
  • #4
  • Feb 28, 2007 11:37pm Feb 28, 2007 11:37pm
Quoting zawodowiec
Does anyone have any experience with this indicator? I'm wondering if it repaints itself or not? Thanks in advance
Hi Zawodowiec,

What do you mean by repaints itself?
On the way
  • #5
  • Mar 1, 2007 12:26am Mar 1, 2007 12:26am
Quoting whtrader
Hi Zawodowiec,

What do you mean by repaints itself?
It means when indicator makes signals they usually corrects as price changes. This indicators change and change and change ....... its signals . If you open a position based on this kind of indicators youīll be in trouble very soon .So this kind of indicators are soooo unreliable but on historical data are the Holy Grial.
Johann Channels and cycles are everything
  • #6
  • Mar 1, 2007 6:25am Mar 1, 2007 6:25am
Quoting Tragapips
It means when indicator makes signals they usually corrects as price changes. This indicators change and change and change ....... its signals . If you open a position based on this kind of indicators youīll be in trouble very soon .So this kind of indicators are soooo unreliable but on historical data are the Holy Grial.
When using the same data the indicator will give different signal?Now that is dangerous. Does CCI repaint itself?
On the way
  • #7
  • Mar 4, 2007 11:51pm Mar 4, 2007 11:51pm
For example: Indicator "X" tells you itīs a buy time when is above 0 and a sell time when is below 0. At 8:00 GMT its reading is 0.23 so you go long but one hour later for the same time (8:00) now its reading is -0.14. So this indicator repaints. It changes its reading. Hope itīs clear now for you.

About CCI. No it doesnīt
http://www.answers.com/main/images/aNorthWest.gif http://www.answers.com/main/images/cLeftTop.gif http://www.answers.com/main/images/cRightTop.gif

http://www.answers.com/main/images/cLeftBottom.gif http://www.answers.com/main/images/cRightBottom.gif
Johann Channels and cycles are everything
  • #8
  • Mar 5, 2007 12:29am Mar 5, 2007 12:29am
Quoting Tragapips
For example: Indicator "X" tells you itīs a buy time when is above 0 and a sell time when is below 0. At 8:00 GMT its reading is 0.23 so you go long but one hour later for the same time (8:00) now its reading is -0.14. So this indicator repaints. It changes its reading. Hope itīs clear now for you.

About CCI. No it doesnīt
http://www.answers.com/main/images/aNorthWest.gif http://www.answers.com/main/images/cLeftTop.gif http://www.answers.com/main/images/cRightTop.gif

http://www.answers.com/main/images/cLeftBottom.gif http://www.answers.com/main/images/cRightBottom.gif
Oh ok say I have a 4h chart. The first hour Indicator X says long then the 2nd hour it changes to short in the same bar. That is repainting am i correct?
On the way
  • #9
  • Mar 5, 2007 1:14am Mar 5, 2007 1:14am
Not right at all; EVERY indicitar actualize itself on progress made by CURRENT bar, so in the same bar they can give different signals. Thats why traders are also waiting for close of bar.
Thanks & Nice day!
  • #10
  • Edited 5:51am Mar 5, 2007 5:40am | Edited 5:51am
Quoting mobi
Not right at all; EVERY indicitar actualize itself on progress made by CURRENT bar, so in the same bar they can give different signals. Thats why traders are also waiting for close of bar.
Thatīs correct. A repainting indicator will change its reading after the close of the bar. Not only for the actual bar but the previous one too (this is the critical point). Iīve seen an indicator repainting 10 previous bars....
Johann Channels and cycles are everything
  • #11
  • Last Post: Mar 6, 2007 12:19am Mar 6, 2007 12:19am
Quoting Tragapips
Thatīs correct. A repainting indicator will change its reading after the close of the bar. Not only for the actual bar but the previous one too (this is the critical point). Iīve seen an indicator repainting 10 previous bars....
Ahhh I finally understood what is repainting. Thanks for taking the time to explain it to me.
On the way
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