The Forex trend indicator Profitable paints is a simple but effective tool that gives very accurate signals for opening deals without lagging and repainting.
Profitable paints indicator was created by one member of the Russian Forex forum. Here you will find a translated English version of the indicator.
The Profitable Paints is a trend indicator which is built using the standard CCI indicator. The signal appears when the signal line crosses the level, which is set in the settings. When the purple line is drawn below the price candle it suggest an upward trend, and when the red line appears above the price candle it means the trend is going down.
Please note that the Profitable Paints indicator is not some holy grail so you should use it other confirming indicators to reduce number of bad entries.
Features of Profitable Paints indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In profitable-paints.zip file you will find:
- profitable paints.ex4
Download Profitable Paints indicator for free: