Brilliant reversal indicator massive profits
- Thread starter Ermi23
- Start date
thevocalgymstudio
New Member
I will like to know more about this
Jhon trader
New Member
Thanks for sharing , does it repaint? Does it have recomended timeframes or pairs ?
Of course it repaints - it is a zigzag indicator, so it is looking for highest highs and lowest lows in the previous n bars (by default the previous 156, 60 and 36). If a bar is the highest in the last 156 then a signal will paint. But if the next bar closes higher, then obviously it has to repaint as that bar is now the highest. If it did not repaint then it would be showing incorrect information.
THERE IS NOTHING WRONG WITH REPAINTING INDICATORS - they are telling you something. What you do with that is up to you. If the price has reached a high then you could treat it as a breakout and trade based on an expectation that it will continue to go higher. Or you could treat it as a sign of a potential reversal and trade on the expectation that it will go lower.
In either case, you would want to use additional indicators to confirm which of the 2 options is most likely.
THERE IS NOTHING WRONG WITH REPAINTING INDICATORS - they are telling you something. What you do with that is up to you. If the price has reached a high then you could treat it as a breakout and trade based on an expectation that it will continue to go higher. Or you could treat it as a sign of a potential reversal and trade on the expectation that it will go lower.
In either case, you would want to use additional indicators to confirm which of the 2 options is most likely.
sizwegumbi
New Member
this indi doesnt sound right. but hey if it works for you why not
Why is everyone so against repainting indicators? Markets are dynamic and as they change you should want your indicators to tell you that so that you can react accordingly.
Non-repainting indies are by nature, lagging. They tell you what happened in the past - not what is happening now.
If you only want to use non-repainters then you are missing out on vital information. The best way to trade if you are going to use indies, is with a combination of non-repainting (this is what happened in the past) with repainting (this is what is happening now).
The markets are not as simple and predictable as many would seem to like them to be. If they were then trading off past information alone would be easy and everyone would be millionaires.
Non-repainting indies are by nature, lagging. They tell you what happened in the past - not what is happening now.
If you only want to use non-repainters then you are missing out on vital information. The best way to trade if you are going to use indies, is with a combination of non-repainting (this is what happened in the past) with repainting (this is what is happening now).
The markets are not as simple and predictable as many would seem to like them to be. If they were then trading off past information alone would be easy and everyone would be millionaires.
Best indicator
mattjohn7575
New Member
Yes it does repaint, but I can create an update for it, that shouldn't repaint. I'm working on this. I will post once complete !does it repaint???
mattjohn7575
New Member
This information is correct, but there is a way out ! You have to use Brilliant Reversal indicator mixed with ADX indicator with the proper settings so that one confirms the signal of the order. They work hand in hand !
rustydavo
New Member
Thanks -
Is it brilliant? I always find named indicators like that a massive massive failure lol. How long have you been using it?
rustydavo
New Member
Are you able to show us an example?This information is correct, but there is a way out ! You have to use Brilliant Reversal indicator mixed with ADX indicator with the proper settings so that one confirms the signal of the order. They work hand in hand !
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