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Yeah i think you have a valid point Cory. When i was trading the FX market i was using it and was not particularly bothered by the fact it was repainting. Just can't wait to test the version made by FT to see how it behaves. I find the Fisher quite usefull to gauge a developing trend specially at the beginning. It's a good complement to a moving average. As usual thanks FT for the conversion. I just realised lately that all the indicators i was using were indicators you modified or created. I promise i'll be kind to you
I would say that the indicator repaints close to everything. With default settings this indicator recalculates the last 200 bars.
So if your default chart is a 15 min chart, you can now enter your position for Wednesday afternoon of last week, because that is where you will find the last bar that has not been repainted. So let us carefully conclude that this indicator is a fake, as it tells you the truth after the fact, and the truth for Thursday and Friday last week is not yet known.
From the MetaTrader forum I understood that there is a version of the indicator that does not repaint, I will have to look at the .mq4 file above.
Had a look at the MetaTrader indicator and tried to translate it to NT 7. The result is attached.
The only problem seems to be that little of the original code is left. Also I have no idea, how the MetaTrader language should be interpreted. So let us call this a best guess.
Fat, if you don't know the MetaTrader language then how can we tell if this indicator does what it is supposed to do ? What have you translated exactly ? Is it based on the Fisher algo or something else ?