SCALPING INDICATOR
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A repainting indicator means an indicator calculted with later candles instead of previous candles.
You’ll find lot of these “magic indicator” tiping “repainting indicator” in google.
Thank you for the code.
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Repainting indicator is an indicator that keeps changing its values. Repainting indicators always use future data (bars to the right) to come up with values and entry signals. This is how repainting indicators make sure their historical entry and exit signals look extremely accurate and flawless.
Obviously the indicators that repaint are not usable in automatic trading.
What I just wanted to know is in your code how can I get the signal that gives the arrow to use it in different automatic strategies ??1 user thanked author for this post.
I’ve make an explanation with the attached pictures, I’ve attached oscillator used in the Scalping Indicator. The oscillator is a modified version of Universal of John Elehrs : https://www.prorealcode.com/prorealtime-indicators/universal-oscillator-john-ehlers/
Please don’t hesitate to ask more questions
Thanks
Ale
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Since the pattern is detected on a bounded oscillator, you could try to add price confirmation (bullish / bearish candlesticks formation, MA slope, etc.).
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