Solar Wind Indicator: Repainting and Non-Repainting Modes

Summary

This description presents an MQ5 rewrite of the Solar Wind indicator, a smoothed curve intended to show whether the trend is long or short. Its main educational point is that the indicator can repaint: historical-looking signals may change as new data arrives. A user setting switches between repainting and non-repainting operation, allowing comparison of the two behaviors. The author also frames the code as an example of indicator construction in MQ5 and mentions the Ehlers Fisher Transform as a related indicator to investigate.

The text does not specify the calculation, parameters, signal rules, or any testing results, and it makes no case that the indicator predicts returns. A non-repainting setting is useful for understanding signal stability, but the description alone cannot establish trading value or show how either mode behaves in live use. It should be treated as a coding and repainting illustration, not as evidence of a profitable trend strategy.

Key ideas

• The Solar Wind indicator is described as a smoothed curve for distinguishing long and short trend states.
• Its repainting behavior can be switched off through a user input.
• Comparing modes can illustrate how repainting changes the appearance of indicator signals.
• The post offers an educational example of MQ5 indicator development, not performance evidence.
• The calculation method and trading rules are not detailed in the description.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.