Q: What is the difference between drawing and non-drawing indicators?

Drawing indicators plot directly on the price chart while non-drawing indicators display their output in a separate window. Learn more at this link .

Q: How do drawing indicators work?

Drawing indicators visually represent signals on the chart and enhance understanding of market movements. Visit this page for details.

Q: What is the purpose of the shift parameter in indicators?

The shift parameter adjusts the indicator's output timing, allowing signals to be aligned with either the current or a previous bar. Check out this resource .

Q: How does the shift parameter affect signal timing?

By setting shift=0 you receive signals from the current bar, whereas shift=1 retrieves signals from a closed bar, ensuring confirmation. More at this link .

Q: Which shift value should be used for closed bar signals?

Use shift=1 to ensure the indicator picks up signals only from a closed bar, enhancing execution accuracy. Details available at this page .

Q: How can I execute an immediate trade signal?

Set shift=0 to execute trades immediately based on the current bar's signal. Visit this link for more info.

Q: How are moving average crossovers implemented in the provided code?

The code uses multiple iMA function calls with varying periods and shift values to detect crossovers between fast and slow moving averages. Further details at this page .

Question 1

What is the difference between drawing and non-drawing indicators?

Accepted Answer

Drawing indicators plot directly on the price chart while non-drawing indicators display their output in a separate window. Learn more at this link.

Question 2

How do drawing indicators work?

Accepted Answer

Drawing indicators visually represent signals on the chart and enhance understanding of market movements. Visit this page for details.

Question 3

What is redrawing in indicators?

Accepted Answer

Redrawing refers to the indicator's ability to update or modify its signals on both current and previous bars for improved accuracy. More information can be found at our site.

Question 4

Are redrawing indicators deceptive?

Accepted Answer

Some redrawing indicators enhance visual appeal, but may mislead if used incorrectly. Always test your indicator to ensure reliable signals. Further insights at this link.

Question 5

What is the purpose of the shift parameter in indicators?

Accepted Answer

The shift parameter adjusts the indicator's output timing, allowing signals to be aligned with either the current or a previous bar. Check out this resource.

Question 6

How does the shift parameter affect signal timing?

Accepted Answer

By setting shift=0 you receive signals from the current bar, whereas shift=1 retrieves signals from a closed bar, ensuring confirmation. More at this link.

Question 7

Which shift value should be used for closed bar signals?

Accepted Answer

Use shift=1 to ensure the indicator picks up signals only from a closed bar, enhancing execution accuracy. Details available at this page.

Question 8

How can I execute an immediate trade signal?

Accepted Answer

Set shift=0 to execute trades immediately based on the current bar's signal. Visit this link for more info.

Question 9

What role does the EA play in signal processing?

Accepted Answer

The Expert Advisor (EA) aligns indicator signals with market data by processing the designated signal bar parameter effectively. Learn more at our website.

Question 10

How are moving average crossovers implemented in the provided code?

Accepted Answer

The code uses multiple iMA function calls with varying periods and shift values to detect crossovers between fast and slow moving averages. Further details at this page.

Question 11

What risks are associated with indicators that redraw their signals?

Accepted Answer

Redrawing indicators can affect trading integrity and may lead to unreliable signals if not properly tested. For more insights, visit this link.

Question 12

How can I test the reliability of my indicator?

Accepted Answer

Utilize our Strategy Tester or Forex Tester Pad to evaluate indicator performance under live conditions. More info at this resource.

Question 13

What is the advantage of using the provided custom Expert Advisor?

Accepted Answer

The custom EA automatically adjusts parameters and tests different shift values for optimal signal accuracy. Visit this link for details.

Question 14

Can the shift parameter be adjusted for different indicator types?

Accepted Answer

Yes, the shift parameter can be customized for both drawing and non-drawing indicators to suit specific trading strategies. Check this page for more.

Question 15

Where can I find more detailed information about these indicators?

Accepted Answer

Detailed explanations on indicator behavior and signal processing are available on our website, covering redrawing and the shift parameter in depth. Learn more at this link.

Question 16

How does redrawing affect a trading strategy?

Accepted Answer

Redrawing can alter past signals and impact strategy decisions by introducing uncertainty on previous bars. Always verify indicator consistency. More details at this link.

Question 17

How do custom indicators like Cross, CurrencyPowerMeter, and Fiji Trend differ?

Accepted Answer

Each custom indicator uses unique calculations: Cross focuses on MA crossing, CurrencyPowerMeter measures currency strength, and Fiji Trend uses ATR and MA signals. Find out more at this resource.

Question 18

What functionality does the MACD indicator provide in this context?

Accepted Answer

The MACD indicator is used to detect crossovers between its signal line and the histogram, offering a clear momentum signal for potential trades. Learn more at this link.

Question 19

How does the ZIGZAG indicator work in trading strategies?

Accepted Answer

The ZIGZAG indicator identifies tops and bottoms by analyzing high-low data, which helps in defining potential trend reversals. More insights at this page.

Question 20

How does the EA template support indicator-based strategies?

Accepted Answer

The EA template integrates various indicator signals through customizable parameters like shift to synchronize trades with market data. Visit this resource for details.

Question 21

What is the benefit of using an EA for iCustom indicators?

Accepted Answer

An EA automates signal detection from iCustom indicators, ensuring faster execution and reducing human error. More info available at this link.

Question 22

How does the code ensure synchronization with market data?

Accepted Answer

The code uses the shift parameter to align indicator calculations with real-time market data, ensuring timely trade signals. More details at this page.

Question 23

What is the purpose of video examples in these indicator guides?

Accepted Answer

Video examples complement the text by visually demonstrating how each indicator works in real trading scenarios. Check them out at this link.

Question 24

How do indicator objects work for non-buffer based indicators?

Accepted Answer

For non-buffer indicators, signals are derived from chart objects rather than indicator buffers, ensuring real-time accuracy. Learn more at this resource.

Question 25

Why is it important to test indicators with both shift=0 and shift=1?

Accepted Answer

Testing with shift=0 and shift=1 helps verify signal consistency between real-time and closed bar data, reducing trading risk. More info at this link.

Question 26

How does the provided code illustrate a bullish vs bearish bar decision?

Accepted Answer

The code compares the open and close values of a bar to decide if it is bullish or bearish, triggering the corresponding trade. More at this page.

Question 27

What role does the trading simulator play in indicator testing?

Accepted Answer

A trading simulator, like Forex Tester Pad, allows you to validate indicator signals under simulated market conditions, enhancing strategy reliability. More details at this resource.

Question 28

What considerations should be made when ordering EA programming?

Accepted Answer

Ensure your indicator's behavior is fully tested and documented, and specify clear signal definitions to the programmer. More info at this link.

Question 29

How can I integrate alerts into my indicator?

Accepted Answer

Alerts can be integrated by adding specific alert functions into your indicator code. Detailed guidance is available at this page.

Question 30

What should I do if I have further questions regarding these indicators?

Accepted Answer

If you have more questions, feel free to reach out via our contact form or support channels. We value your feedback and are here to help. More details at this link.

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