What Studie To Use With Repainting Indicators

csricksdds

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I prefer repainting indicators since the market is dynamic rather than static. If an arrow painted candle I'm trading disappears I exit the trade. I use concurring (2-3) indicators before placing a trade with others to show trend continuation. The Nadaraya-Watson Non-repainting on a historical lookback shows a lot of missed opportunities. Are there some non-repainting that give better results? There seems to be a reluctance for repainting indicators and I can't figure out the reluctance, or why there seems to be more faith in non-repainting?
 

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Repainters are not inherently bad.
They provide real-time updates of critical trend changes and are the fastest indicators to do that.
Paired with other tools, they are integral to scalping strategies, which require immediate updates.

Trending indicators, both repainting and non-repainting, are profitable when an instrument is trending but not reliable otherwise.
Successful traders read candles, prioritize volume and market internals, and always review their repainting and non-repainting indicators on higher and lower time-frames in order to utilize trending studies effectively.

@csricksdds, The above links will provide you with some powerful tools to combine with your studies.
 
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I prefer repainting indicators since the market is dynamic rather than static. If an arrow painted candle I'm trading disappears I exit the trade. I use concurring (2-3) indicators before placing a trade with others to show trend continuation. The Nadaraya-Watson Non-repainting on a historical lookback shows a lot of missed opportunities. Are there some non-repainting that give better results? There seems to be a reluctance for repainting indicators and I can't figure out the reluctance, or why there seems to be more faith in non-repainting?
Definitely can't backtest a repainting indicator in a strategy. It will give stellar results because it erases all the false signals. That is my main desire for non-repainting indicators... the backtest is at least close to realistic.
 
Definitely can't backtest a repainting indicator in a strategy. It will give stellar results because it erases all the false signals. That is my main desire for non-repainting indicators... the backtest is at least close to realistic.
My thinking probably a little skewed as a Day Trader only (SPY or QQQ) - Cash to open day...cash to close day...peaceful sleep at night!
 
@csricksdds
Repainters are not inherently bad.
They provide real-time updates of critical trend changes and are the fastest indicators to do that.
Paired with other tools, they are powerful for scalpers, who require immediate updates.

However, over half of members are not scalpers and misuse repainters as a Holy Grail indicator.
Repainters and oscillators are the most misused indicators on the forum.
Newer traders scan for repainting, oscillator, moving average signals, etc... and trade on them in isolation.

Trending indicators, both repainting and non-repainting, are profitable when an instrument is trending but not reliable otherwise.
Successful traders know how to read candles, prioritize volume and market internals, and always review their repainting and non-repainting indicators on higher and lower time-frames.
Thanks for your feedback...much appreciated
 

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