PaintBar Factory Indicators

Description

PB_DIRECTION ($347.00, get PB_VTM at no extra charge for TradeStation and MultiCharts customers ONLY! PB_VTM not available for NinjaTrader customers.)

The first Paint Bar study I’d like to introduce to you is the PB_Direction, the perfect partner of The Squeeze. It is a rather complicated Paint Bar! Complicated in terms of coding, not using! A lot has been built in. From the following pictures, you can see it catches the turns pretty well. Buy blue, sell red, sounds simple, right? Trading for a while, more and more I feel the best indicator is the price. That’s free for you if you have a charting service! The second best indicator, in my opinion, is adding information on the best indicator: paint bar! You can almost trade with just a good paint bar study and a couple of fast, responsive moving averages as shown in the chart. Almost! Does the chart make sense to you?

 

The Squeeze ($497.00), get Buy/Sell Pressure for free plus a trading manual and the exclusive right to purchase the “Squeeze Radar Scanner” and “Holy Grail” indicator.

(Note: The Squeeze indicator is the one that occupies ONE subgraph sitting at the bottom of the charts. It does not include any other indicators such as moving averages, iTunnel, or any paint bar studies, Shoe Me dots shown on the charts. It comes with a trading manual in which we discuss the 3 setups for entry signals, 3 exit strategies, as well as many nuances such as when NOT to trade, and what are the high probability setups. You also get full support from us if you need any.)

 

2EMA Color ($197.00, receive the Fast3MA’s and modified RSI for FREE, Plus a separate Trading Manual)

 

As a general rule, when the EMAs are green, take only long positions. If they are red, only go short. When they are dark red with an angle, it warns you the trend is about to change and the market is like to be moving towards the other direction. When they are dark red and without much of an angle, the market is flat, there is no clear trend and you should stay away. The color yellow, as in all my other indicators, has multiple meanings. It, A. indicates areas of congestion, B. gives early warning of the trend reversal as shown in this picture, and C. when the market is in a strong trend, if the price pulls back enough, it will turn yellow to warn you and you could consider entering a position in the direction of the trend. You can see more pictures by going to “More Examples”. Note the criteria for the color change is not just measuring the distance between the 2 EMAs, or “if the EMA is higher than itself 1 bar ago, turn green” as you can tell from the chart. It takes other conditions into consideration and interpret the market pretty well. Note there are 3 options to choose from when you plot this indicator on your chart: Stocks, Futures and Forex. Default settings are different for the 3 markets. So remember to set one of the markets to be “true” and the other two to be “false” according to the market you are trading.

 

Fast3MA’s ($Free with the purchase of the 2EMA Color)

The regular moving averages don’t work well because they lag too much. This Fast MA works very well following the price, fast to response, yet still very smooth. I have found if you enter the positions in the direction of the trend, at the first bar when the price closes above the Fast MA for long, and below it for short, it would already be very profitable

 

 

iTunnel ($197.00, compare with $395/month one company is leasing, and you get the HeatMeter and modified DMI/ADX Combo FREE)

This indicator and the HeatMeter below are similar to part of the indicator package one company is leasing for $395.00 a month plus $100 one-time setup fee (as of the writing of this description). They use them as part of their 100% mechanical system. I use it differently. When the iTunnel is flat and moves sideways, the color changes back and forth between blue and red every few bars, the price penetrates the iTunnel up and down, there is no trend. Either stay out, or execute “hit and run” type of trades. When the iTunnel is blue and going up, or red and going down with a good angle, the market is trending. Enter a position near the lower band for long positions, or a short position near the upper band, and trail the stop just slightly below or above the band on the other side often yield good results as shown in the chart below, it measure the market’s volatility and keeps you in the trade longer and filters out the noises. Very good tool for this purpose!

 

PBF_OSOB ($247.00, get the modified CCI for FREE)

 

Quite honestly, I am not a firm believer of many things in trading, an Over Bought/Over Sold indicator is one of them. Every one knows picking tops and bottoms are dangerous, and I believe the market can remain over bought or over sold condition long enough to stop you out a few times before it actually reverses. This PBF_OSOB indicator, however, has changed my mind somewhat. There are 3 levels of warnings in this indicator. The white line gives you a sense of market direction. The yellow dots warn you for an over bought/over sold condition. When the red and green dots appear, the market is under extremely over bought or over sold condition. See charts below. Note the dots appear before the market turns, give you a early sign! They can appear even when the white line is not in the over bought or over sold zones

 

PBF_Trend_Bars ($227.00, get modified Momentum indicator for FREE)

 

Every one knows the trend is our friend, go with the trend is always safer and often more profitable. The PBF_Trend_Bars plots 1 to 3 horizontal lines, showing short term, midterm and long term trend. When a trend develops, always take signals from a shorter term indicator in the direction of a longer term direction. See the chart below. The long term trend only had one red dot all day long! Incredible! Every time the short term trend turns from red to green, go long in the direction of the long term trend

 

About PBF Trading System:

 

We offer a trading system with 3 highly accurate setups for both trend and counter-trend trades. The high win rate is just the beginning. The excellent risk/reward ratio is what we are proud of.

 

Many systems on the market today use either (too) fast or lagging indicators. Normally fast indicators get you in a trade sooner, but they are noisy and choppy, give too many false signals, and almost not tradable; lagging indicators are smoother and able to filter out some noises, but often give late signals which increase your risk and reduce your profit potential. Our indicators are FAST AND SMOOTH. Fast, to give you an early entry at the very beginning of a reversal with minimum risk, yet Smooth, to filter out noises and false signals along the way for maximum profit. This, coupling with our unique approach to pair a faster and a more stable indicator in each department, makes our system superior to the others with a very high success rate. Our custom designed non-lagging indicators update in real time and don’t re-plot after the fact. Each indicator serves its purpose for the system with no conflicting signals. Our system works on all markets and time frames, and suits all trading styles. It offers many trading opportunities throughout the day.

 

In trading, we like to spot the markets’ turning points ahead of time, safely get in before the crowd, ride the trend for as long as possible, while minimizing the risk with a very tight stop. This is how we like to trade, and this is what these indicators are designed to do.