Wednesday 11 December 2013

Paint Bar Indicators

I received a question regarding how the bars are painted.  The 2 main paint bar indicators used are the Better Volume and RPM.  My Squat bar indicator also identifies a squat bar with a diamond and paints the bar blue.

Here are a couple of charts showing how the price bars are painted by these indicators and how other indicators are used to identify certain price action instances (e.g, engulfing, delta imbalance).

I am an elite member of Big Mike Trading (BMT) forum and these indicators are available for free down load to all other Elite members.  However, the cost of membership is $100.  But this is a one off cost.  In my opinion, this is the best $100 you can spend if you are serious of trading for a living.   There is so much more than free indicators, there is also the great webinars with renowned trading educators and much more. 


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