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good indicator


alphine

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Guest David1713006337
Just found good indi from another website ( looks good on 1 hour TF ).

h**p://cOdebase.mql4.com/7444

Any sugestion?

 

When posting indicators, put name of indicator in title bar. Also, what kind of suggestions are you inquiring about?

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If you read the comments on the original Code Base post you will see that it repaints.

 

Indicators like these look great but do not work very well in the long run. CURVE FITTING.

 

Trade long enough with the COG indi or ZZ and you will prove it to yourself.

Edited by conglo
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  • 4 weeks later...

This indicator drakon http://www.inddrakon.narod.ru searching for a current moment in the market history. All similar moments shows in one picture. Builds channel as a graphic of prices. To use indicator, need to save history file from Metatrader4 (EURUSD60.csv) in disc c:\ and open indicator.

http://inddrakon.narod2.ru/Drakon.jpg

Download http://www.inddrakon.narod.ru/inddrakon.exe

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  • 1 month later...
This indicator drakon http://www.inddrakon.narod.ru searching for a current moment in the market history. All similar moments shows in one picture. Builds channel as a graphic of prices. To use indicator, need to save history file from Metatrader4 (EURUSD60.csv) in disc c:\ and open indicator.

http://inddrakon.narod2.ru/Drakon.jpg

Download http://www.inddrakon.narod.ru/inddrakon.exe

 

What happen?? cannot understand

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  • 4 weeks later...

Repainting indicators are great for 'newbies' as it might teach them NOT to take an immediate trade and allow them to sit comfortably 'till it becomes good signal..

 

Of coarse.. that is where 'screen time ' comes in .. and might make them study when the signal becomes good.. with added 'relevant' data and leading indicators or Price Action .. etc ..

 

MHO for just a 'theorem'

 

:)

 

Good trading wishes

Edited by Marchello
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