Brilliant reversal indicator massive profits

[khansbfsd]

Great indicator all time its done his goals everytime you trade accuracy working on 15m

 

[ab2d222]

Backtesting the indicator shows it repaints, or at least it moves the signal.

 

[thevocalgymstudio]

Brilliant reversal indicator massive profits trend indicators

I will like to know more about this

 

[Jhon trader]

Thanks for sharing , does it repaint? Does it have recomended timeframes or pairs ?

 

[Mabaso]

Brilliant indicator, I tried it out and it works..

 

[pjr95]

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.

 

[sizwegumbi]

this indi doesnt sound right. but hey if it works for you why not

 

[thommas]

What makes it brilliant? Testing shows repainting, so you have to use your own brain.

 

[pjr95]

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.

 

[khan2994]

Brilliant reversal indicator massive profits trend indicators

Best indicator

 

[mattjohn7575]

does it repaint???

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 !

 

[mattjohn7575]

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.

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 !

 

[spike]

This is a useless garbage. Who is the bastard who codes something like this?
Such a person should cut off both hands.
The indicator stops at a point, gives a reversal signal, then if the price goes up or down it follows until the last candle.

 

[hassan]

it seems good. thanks for share. will test it on demo first....

 

[teste1]

Didnt work for me, sadly.
Can you explain better how it works? THanks in advance.

 

[rustydavo]

Brilliant reversal indicator massive profits trend indicators

Thanks - Is it brilliant? I always find named indicators like that a massive massive failure lol. How long have you been using it?

 

[Dingo]

Like the most of good looking indicators, this are follows the top / bottom of the market.
Please just use as confirmation with really stable indicators.

 

[rustydavo]

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 !

Are you able to show us an example?

 

[Lyle]

Any recommend time frame to use for more accurate?

Have you used it yet and has it been working for you.I myself am interested in signals

 

[Chalt]

thanks for the share. you are the best. Is this working and the win rate?