The Trend Path Non-Repaint indicator for MetaTrader4 is a unique trend-following system that uses multiple technical analysis tools to identify an optimal trend reversal zone. I have found its description very interesting and decided to share it with you:
Trend Path Non-Repaint Indicator Description
The Trend Path Non-Repaint indicator is a smart combination of two tools. The first one is a channel that defines the trend direction and market volatility and at the same time identifies overbought/oversold zones right on the chart. The second part consists of arrows that indicate buy/sell trade entries.
After the installation, your trading chart will look like this:
Basic Trading Signals of the Trend Path Non-Repaint Indicator
BUY signal: first the channel indicator should detect the oversold zone (blue lines), then the upward magenta color arrow(s) should appear. Close the trade at your preferred TakeProfit level or when the indicator draws orange lines that identify an overbought zone.
SELL signal: first the channel indicator should detect the overbought zone (orange lines), then the downward lavender color arrow(s) should appear. Close the trade at your preferred TakeProfit level or when the indicator draws blue lines that identify an oversold zone.
Examples of the trades:
The above image shows the indicator in action on a EUR/USD chart, M30 timeframe. You can see that the indicator first identified an oversold zone, which suggests a possible trend reversal to the upside. Moreover, it also generated two buy arrows which a trader can count as an entry signal. Similar to the buy signal, the indicator first identified an overbought zone and then generated two sell arrows.
My Conclusion on the Indicator
The Trend Path Non-Repaint indicator for MT4 is a nice forex trading tool suitable for both novice and advanced traders. This is because it is very easy-to-use and because absolutely any forex trader needs to identify optimal trend reversal setups.
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
Here the question is that when the indicator repaints then why the developer is promoting is by saying 100% non repaint??????????????????????????????????????????????????????????????????????????????????????????????????????
I wish I had an answer
Thank you very much for the information
I used this indy before years back but had to expunge it from my chart and drive because it repainted a lot. It’s no good. Thanks for the share anyways…
Ola!
Yeah, the developer should have warned about this.
Anyway, you can find many good non-repainting indicators in our blog.
Thank you for the indicator. Is it possible to have one for MT5 Platform.
As far as I know, there’s no MT5 version.
What is the experience?
How many candles later does the buy/sell signal appear?
Ola Oliver sou iniciante teria um indicador frre para o metatrder 5
As far as I know, there’s no MT5 version.
Awesome indicator, only downside is that it does not notify you when the sell/ buy signals appear.
Yeah, unfortunately, I don’t have the code to fix this
Хороший индикатор.
Hello Oliver!
Unfortunately, bands are repainting. Also, arrows appear with some candles delay!
So, it’s not a reliable indicator for trading.
Hello!
Yeah, the developer should have warned about this.
Anyway, you can find many good non-repainting indicators in our blog.
Can you recommend the best non repainting indicator/s in this site?
Hi Dax, I believe it’s Forex Invictus: https://altraforex.com/post/forex-invictus-indicator/
Hi Oliver! Thank you for sharing! However, my tests have shown that this indicator does repaint the oscillator lines! I guess the developer added “Non-repaint” to the name for some reason…
Yes, unfortunately, some developers tend to mislead the users
Hello, Oliver!
Thank for the gift! Great indicator!
Could you add push notification (email, Mobile phone)?
Ruslan.
Hi Ruslan,
Thank you! I’m afraid no, it is not my indicator, I don’t have the code.