Testing Indicators In ThinkOrSwim

[Human]

What is the easiest way to test the results you might achieve from a repainting indicator? One thought I have is to use OnDemand. However, I cannot find an easy way to play time forward much faster or jump forward one candle at a time with a simple keystroke. Are there any easy and convenient ideas out there about how to get a realistic understanding of what repainting indicators will do as time unfolds?

 

[Carl-not-Karl]

When I am not trading or want to test new thinkscripts I will use OBS Studio (free download) to video capture 15-60 minutes of the opening bell. During off hours I will rewatch the video to evaluate/modify the scripts. There is a horizontal time slider that can be moved forward or backward (orange dot in pic).

Here are the Speed settings:

 

[Ramisegal]

I found that recording the screen is the best approach to fully review all the information frame by frame as it occurred.
Keep the clock and active trader visible to assist with identifying a lag vs repainting.
I am assuming you are referring to a strategy calculations using a lookback entry price which is known and set after the fact.

 

[Human]

These are some great ideas. I am grateful.

 

[Human]

I found that recording the screen is the best approach to fully review all the information frame by frame as it occurred.
Keep the clock and active trader visible to assist with identifying a lag vs repainting.
I am assuming you are referring to a strategy calculations using a lookback entry price which is known and set after the fact.

I am referring to something like an exponential best-fit curve. Even though it repaints, can it be useful? How many of the signals repaint and how many stay where they first appear? There are many other repainting indicators and systems. I don't want to discard all of the repainting indicators if I should take some of them seriously. Do you have an opinion? Do you know of any repainting indicators that have worked out for you?

 

[Ramisegal]

I am referring to something like an exponential best-fit curve. Even though it repaints, can it be useful? How many of the signals repaint and how many stay where they first appear? There are many other repainting indicators and systems. I don't want to discard all of the repainting indicators if I should take some of them seriously. Do you have an opinion? Do you know of any repainting indicators that have worked out for you?

Understanding repainting indicators terms and conditions is crucial to identify valid or incomplete signals, equivalent to an incomplete candle. However, some indicators adjust prior conditions to reflect new conditions, repainting the new state and disregarding the previous one. It is recommended to avoid these indicators. Similarly, when a higher time frame indicator is incomplete due to an incomplete aggregation period, it is equivalent to an incomplete candle. To mitigate the risk of entering too soon or too late, it is preferred to enter with a confirmation rather than jumping the gun. After that, it is essential to focus on risk management and trading style. Additionally, some repainting indicators can be optimized to reduce repainting by adjusting parameters such as the period offset. Experimenting with different settings and analyzing the results can help determine the usefulness of a particular repainting indicator.