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It's pretty to look at, but I wouldn't use it to trade. I wouldn't characterized is as "repainting" (it doesn't change color, once the color has painted), so much as "constantly recalculating and adjusting as price progresses". For this matter, it renders it useless as far as I can tell. It always looks great at the end of the day, but intra-day, it's constantly changing position and therefore can lead you to take trades where you should not.
Try it out in market replay & you'll see what I mean. Take screenshots, periodically, as the day is progressing and compare those screenshots at the end of the day. You'll see how the beginning of the day doesn't look anything like the end of the day, where this indicator is concerned.
After all, it's what you learn AFTER you know it all, that counts!
The system (MBFX) comes with timing indicator. Has anyone figured out which timing indicator is being used there? Stochastic, Double Stochastic - or some other "magic" one?
I haven't been active on his site for many years. The only thing I can tell you is that it is accurate, at the time. I repkats and repaints all day long. DO NIT TRUST IT. YOU WILL NO LIKE IT SEEMS AT THE END OF THE DAY. IT IS NIT RELIABLE. I KNOW IT LOOKS LIKE IT IS, BUT YOU WILL SORELY BE DISAPPOINTED!
After all, it's what you learn AFTER you know it all, that counts!
Yes, Romus I saw that some time ago but after examining it I realized it repainted so much that it was of little use. As best I can recall, the timing indicator used along with that indicator appeared to be a knock-off of the old value chart indicator that used to run on NT7. Roonius made one long ago and then Sim22 made a newer version but after numerous code changes in Ninja over time I could no longer get it to even plot on my charts. Sim22 has been gone from the forum for a long time now.