Repainting indicators are a type of technical analysis indicator that changes its values as new data arrives. This can make them misleading, especially when used for backtesting or auto-trading.
There are two main types of repainting indicators:
Multi-timeframe indicators (MTF) are a common type of repainting indicator. MTF indicators use data from multiple timeframes, which can lead to repainting if the indicator is not properly designed.
There are a few reasons why indicators might repaint:
How to Detect Repainting Indicators
There are two ways to detect if an indicator is repainting:
The first method is more useful and quick because we can control the back tester (strategy tester) speed and run it for an infinite time on the majority of pairs.
How to Avoid Repainting Indicators
The best way to avoid repainting indicators is to use non-repainting indicators. There are many non-repainting indicators available, so you should be able to find one that meets your needs.
If you must use a repainting indicator, be sure to understand how it works and how to use it properly. You should also always backtest any indicator before using it for live trading.
Conclusion
Repainting indicators can be useful tools, but they should be used with caution. It is important to understand how they work and how to avoid repainting. If you are not sure whether an indicator is repainting, it is best to avoid using it.
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