yesterday one of my friend give this chart image and ask me what is the name of this indicator. i say i don't know about this indicator. i think if i post the char image here i will find mu answer.
i know this chart are make with 2 indicator one is Donchain band and what is the name of that star. please help us if you now.
Last edited by Ontor Atta; 04-22-2013 at 02:26 PM.
based on what i see, it definitely repaints because otherwise it would show it on the minor peak as well, which it doesn't so it obviously repaints based on a much higher peak or trough. with that said, it looks like something a zig zag indicator would do so if it's not too much trouble, insert a zig zag indicator in there and let's see how well they match up.
yes this indicator depends on zigzag and it is repainting it is not as you think it is not getting for you like this signals for buy or for sell it is repainting if you depend on it you will lose your account with few days
it's a trading system actually , it's simple and it's based on parabolic SAR and the stars are appearing as a trend reversal , but they are not really working cause they appear even before, that trading system called tracker forex , and the name of the the stars you are looking for called Mera.ex4
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