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Arrows Painting 2 bars back

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Arrows Painting 2 bars back

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Arcata, CA
Experience: Intermediate
Platform: NinjaTrader
Trading: index futures, oil
Saroj's Avatar
Posts: 486 since Jun 2009
Thanks: 232 given, 413 received

See the attached Word doc to see what I've been observing on the placement and timing of the turn indicator arrow. Not necessarily a big deal, but you need to understand it if basing trades off of it or contemplating an autotrade strategy based on it. Looking at the charts retrospectively it appears to be a very early signal, but in fact it is painted one bar BEFORE the actual trigger occurs (and really 2 bars, cause the next bar has started already).

This analysis and the images were done with the file posted by sam at 01:53PM today (6/12)

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Register to download File Type: doc arrow painting issue 2009 06 12 b.doc (122.0 KB, 72 views)
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Last Updated on June 12, 2009

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