NeoTrader wrote:Hi bob,
ok...I understand at least now what you refer to as the numbers on the right...
I always assumed that you meant the current value of the actual bar...but you are referring to the range of the whole slope...and that this ranges are different.
Now something to think about... since the range on the original repainting TMA slope version is also based on the fictional calculated values of the past bars and the range of the TMAtrue is solely based on real values how they occurred in real time shouldn't it be more relevant that the current value of the bars are more relevant...and actually equal on both versions?
If I grasp your system and your use of the TMA slope correctly, mainly the current value of the TMA slope is of relevance and the angle of the slope itself.
Since the TMAtrue values are real values as they occurred in real time and are not manipulated afterwards as in the original TMA slope this TMAtrue slope is more accurate and also allow to see how the TMA slope really behaves and also shows the real range of the TMA.
If this means that we need to reassess the levels. OK, that should be doable and actually easier than with the original TMA slope since you can reliably backtest the TMAtrue slope visually.
I still do not see any value in the smoothening (beautifying) of the slope afterwards since it does not bring any value of information on the table...in contrary it only confuses most of the people, especially newcomers. The angle of the slope is also available in the TMAtrue version and actually more accurate than the smoothened version.
I myself use the TMAtrue slope according to your rules with 0.4 & 0.8 levels and it still works like a charm. But i also will reassess the levels like you described and will see if it make any great difference...and maybe also try some different levels too
Please see my points as constructive critic and observations that I made. I don't want to insult you or be disrespectful. This is your baby and you put a lot of work in it. I belief in your strategy and also in you. I also think that it could be a bit easier to the newbie trader if they would see what is really going on with the TMA slope and don't be irritated by this repainting issue.
happy trading,
NeoTrader
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