The only time I've ever actually used this in a trade, I got wrecked. And later, where the signal had once read "buy," it instead read "sell." I've observed this probably a dozen times since. If that's not repainting, what is it? I feel like this is a reasonable question.
@BaghdaddyKane, Please read the instruction! It was designed using the hourly, 4h, 6h and 1D timeframes but is ideally good on all of them. Expect the lower frames to be less consistent (for all you 1 minute traders). I have also added for the buy/sells to only paint once th candle has closed.
@FRIEDRICHs, I never trade under the 4HR. Still doesn't address the repainting. Right now, there's a "Buy" signal on the last candle for Bitcoin (as in the candle preceding the current one (4HR). Yet this open candle has already fallen well below it. This happens all the time, but if you look back on the chart, there's no evidence of it. I suspect that if the selling continues, that 4HR "Buy" will at some point read "Sell." If the price rebounds and sees a fresh increase, it will remain a "buy" as printed, but will appear under an older candle so that the wick of the candle that's open now doesn't cross it.