NonLagDot MetaTrader indicator

[tradingforex24]

You can attach the indicator on any chart.
Preferred Pair: EUR/USD.
Up trend: When there are 2 consecutive BLUE dots.
Down trend: When there are 2 consecutive RED dots.
Trend change: When the dot changes color.

I hope it will boost your Forex trading performance.

Best regards

Uwe

 

[Enivid]

Nice indicator!

Did you develop it or did you find it somewhere else?

Does it repaint?

 

[tradingforex24]

Nice indicator!

Did you develop it or did you find it somewhere else?

Does it repaint?

I found it.

 

[fxwarriorland]

Thanks mate, looks amazing.

I'm pretty sure it repaints one bar through the past, though.

 

[Enivid]

The problem with this indicator is that on its default settings it repaints the last 2 dots (not counting the current bar). If you change the input parameter ColorBarBack from 2 to 0, it stops repainting previous bars, but then it will show quite a few false signals.

Nevertheless, it's quite an interesting indicator.

 

[dlm]

G'day everyone, am I correct in assuming this is actually an MT4 indicator and not an EA?
I've used the indicator previously and would like to try it as an EA.

 

[Enivid]

Yes, this is just an indicator