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.
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