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Paint bar blind test


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View Poll Results: Whic indicator paints the bars best
_Zeller_Sharkfin 14 53.85%
PB2 4 15.38%
PB3 8 30.77%
Voters: 26. You may not vote on this poll

 
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Paint bar blind test
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   #1 (permalink)
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There is a multitude of paint bar study indicators on this forum. One of the more popular is the _Zeller_Sharkin pictured below with a setting of 2 which some submit is good at predicting a turn in direction.

The other two are modifications of indicators which are available on futures.io (formerly BMT), but have no paint bar parameter.

So, let's take a vote. Of the three, which one would you want to use based on these pictures, recognizing you don't have the access to "test" the other two.

_Zeller_Sharkifin_paintbars


PaintBar2


PaintBar3

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   #2 (permalink)
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You should roll CL over to 02-10 on the third Thursday of the month Just fyi...

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i like the zeller sharkfin

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   #4 (permalink)
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nice work zoethecus.

your paint bar 3 even beats my paint bar, which is more designed for ES 4 range charts. also like # 2, because there're no gray bars. for me trend is like price. it either goes up or down, no neutral.

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Click image for larger version Name: CL 01-10 12_18_2009 (30 RangeNoGap).jpg Views: 133 Size: 63.7 KB ID: 5746  
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   #5 (permalink)
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Just had an epiphany about paint bar studies. I don't need them. I guess that's because I've never found any that give me enough confidence to trust them in a trading decision. I always have a doubt lingering in the back of my mind.

Having said that, I reserve the right to change my mind, but for now, I'm using white candles with black outlines. I hope the withdrawal won't be too painful to make me relapse to the "paint" for a fix.

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sharky View Post
i like the zeller sharkfin

I knew you'd say that!

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i switch back and forth depending on what time frame im trading sometimes i use the sharkfin and sometimes i use the eco2 new paint...sharky

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   #8 (permalink)
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Sorry, what are PB2 and PB3?

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wuolong View Post
Sorry, what are PB2 and PB3?

PB2: DonMA_PaintBars

PB3: _Lin_Reg_Color_Paint_v02

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sharky View Post
i switch back and forth depending on what time frame im trading sometimes i use the sharkfin and sometimes i use the eco2 new paint...sharky

sharky, can you share how you use the sharkfin?

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if i did that i would have to walk you thru my whole style of trading/scalping im not up for a class right now that would be a thread of its own...sharky

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My vote went to the Sharkfin.

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Riverend View Post
My vote went to the Sharkfin.

Please share with us why.

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Isn't Lin Reg the same as Sharkfin?

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Who made the DonMa paintbar?

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Dragon View Post
Isn't Lin Reg the same as Sharkfin?

I don't know.

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Dragon View Post
Who made the DonMa paintbar?

A good friend. I can't code.

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we may have to do paint bar shootout some day.

paint bar coding is perfect for a novice to start out

BarColor = Color.Black; <== paint it black

BarColor = Color.Red; <=== paint it red

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I would be interested in taking a look at the DonMA paintbar if you are willing to share. Otherwise I may be tempted to post a request to create one because it sounds like a good idea. I don't use paintbars either but like Mike says, its always fun playing with a new toy for a few days. I have played around with ATR and Swing stuff a lot so the DonMA paintbar sounds cool. Although a simple ma cross or price cross doesn't work that consistently from what I have seen so I would like to see how you implemented the paintbar.

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Cory,
I think someone around here made an ma crossover paintbar somewhere. Might just need to do an edit replace with the donma.

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yes the sharkfin is made from a lin reg...sharky

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Zoethecus View Post
Please share with us why.

It helps verify end of trend. I don't use the bars for entry.

Vic

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Riverend View Post
It helps verify end of trend. I don't use the bars for entry.

Vic

Yes, I've heard that from others, but I can't get it clear from what I see. For example, the pic in the OP has many neutral bars. Some do show a change of trend but others just look like a brief pause before the trend continues.

But if it works for you, that's all that matters.

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