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Does the indicator repaint?
Yes, the indicator can repaint if the market ignores a pattern and keeps moving in the same direction. However, breakouts are mostly non repainting. A high "breakout period" value will decrease the repainting significantly.
Does the indicator repaint?
Yes, the indicator can repaint if the market ignores a pattern and keeps moving in the same direction. However, breakouts are mostly non repainting. A high "breakout period" value will decrease the repainting significantly.
This is the older version of PZ ABCD retracement.
Indicator does repaint, thus you will need another confirmation indicator for your trading combination.
For normal divergence
1. Momentum
2. OBV
3. MFI
4. MACD
As for hidden divergence, not sure yet as i had yet to found a matching profitable system.... yet. Hopefully in the future.
Its would good to slowly switch to MT5 if you have EA or indicator written in MT4.
Personally i do not think MT4 would get replace but MT5 would be more popular in the future.