Paint Bar Forex System

Paint Bar forex system is a trend momentum strategy based on 9 indicators:

PBF 2 EMA color fast 49 period , slow 89 period (The Xtreme 2EMAs are used not only for showing the trend. Most importantly, they are used as dynamic support: Look at any time frame, the price often pulls back to the EMAs and bounces in a trending market.

When the price breaks above or below the EMAs from the other side, often it would want to re-test the EMAs levels before continuing its way.)

PBF Fast 3MAs (2,3,17).

PBF Tunnel (The Xtreme iTunnel adds another layer between the 2EMAs and the FMAs. The main benefits are. Sometimes the price won’t pull back all the way to the EAMs in strong trend market. In this case the iTunnel serves as another layer of support or resistance.Price might pull back inside the iTunnel and bounce, so we can add to our position there. The iTunnel can also be used as a dynamic trailing stop. We can set our hard stoploss initially with the Scalper Dots, then trail with

the “outer” line of the iTunnel once we are in profit. After we have build up certain profits, we can tighten the stop to go with the inner line of the iTunnel. When the iTunnel is flat, when the EMAs or even the FMAs are coming together and very close or even inside the iTunnel, there is no trend, so stay away.

PBF PB Direction.

PBF Scalper show me.

PBF Squeeze Histogram shows “peaks and valleys” and provides extremely easy to understand signals. It “senses” what the market is going to do, often before it happens. The Histogram is so powerful, you could almost trade without looking at the

candlesticks! (Squeeze line a surprising powerful new indicator. Squeeze Bias line and it

will revolutionize how you trade. The Bias Line uses a sophisticated statistical algorithm that took years of development. This is the heart of the system and is unlike anything you have ever seen before in terms of accuracy and ease of use.

Once you have used the Histogram and Bias Line combination in the Xtreme Squeeze, you will never want to trade without them.

PBF trend bar (13, 34,89, 35, o, -35). The Xtreme Trend Bars plot the short term, midterm and long term trend, which means you don’t need to keep flicking through your charts. When a trend develops, you will be able to take signals from a shorter term indicator in the direction of a longer term direction very easily.

PBF Obos default setting.The Xtreme OSOB (Over-Sold/Over-Bought) works wonders in picking tops and bottoms in a non-trending, range bounding market. In a trending market, I like to use the OSOB to take partial profits, or scale out then scale in.

In the pictures examples ho to use Paint Bar Forex System.