MarcoValente

HLC3/Kaufman Strategy

This is an upgrade of the old Heikin/Kaufman Strategy. This script DONT use Heikin value anymore, so I hope no more repaint. Try it and let me know. Use an ADX indicator can help to check the strenght of the trend.
Release Notes: errata corrige ticker
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Thats the god of repaint
+4 Reply
Nice concept, but it repaint's badly.
+1 Reply
this indicator has the future leak issue....basically using Heikin Ashi for backtesting always gives wrong results.....
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hi sir i m raju
from india
i am use to your stretergy but call ganreted is confarm but minor repaint pls slowe problam (my english is very bed) i am sorry.
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Hi. I think heikin ashi was not responsible for repainting. It is because high time frame hcl3 price in my opinion. Have you considered re-writing this script in pinescript version3 ? "barmerge.lookahead_off" might be useful for repainting issue.
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Another problem spotted: the entry is pointed at the candle open price. It makes more sense to point it at the close price. How would I fix this?
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bfma = ema(bmha_close,1), which value of bmha_close are you evaluating here ?
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what does ema(bmha_close,1) mean above. You are calculating exponential moving average of previous 1 day value of bmha_close ?
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MarcoValente apurva1s2000
@apurva1s2000, bfma it is just the hlc3 of the timeframe that you choose (default is D), and must be higher then the timeframe that you use . Es use 1 hr set 1D , 30 minutes try 3 hr. But with low timeframe like 5 15 or 30, repaint can be a problem. Should be use as reference not during live training but for multidays traiding
+4 Reply
**** DO NOOOOOOOOOOOOOOT **** use it during live sessions. It repaints like hell. It's one of the pointless indicators that changes its mind afterwards.
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