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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
Can you help answer these questions from other members on NexusFi?
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.
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.
Just fyi...
