Bar Painting [iFarsheed]

Bar Painting [iFarsheed]

Overview:
The "Bar Painting [iFarsheed]" indicator is designed for traders who follow price action strategies inspired by Al Brooks.
This tool colors candles on your chart, making it easy to identify different candle types like trend bars, dojis, and pin bars without complex calculations. By simply observing the colors, you can quickly understand market dynamics.

Features:

Candle Coloring:

Bullish (up) and bearish (down) trend bars are highlighted in distinct colors for easy recognition.
Candles that do not fit these patterns appear in the default chart color, indicating they do not represent significant moves.
Visual Clarity:

The color coding provides a quick visual reference, allowing you to grasp market conditions at a glance.
No Calculations Required:

You don’t need to perform any calculations; just look at the colors to understand the strength of the market.
How to Use:

Customize Settings:

Adjust the colors of trend bars to ensure they contrast well with your chart background for improved visibility.
Use the settings to choose which candle types you want to highlight based on your trading preferences.
Analyze Candle Patterns:

Look at the colored candles to quickly identify trend bars, dojis, and pin bars that may signal potential market movements.
Informed Decision Making:

Use the highlighted candle patterns to assist in making trading decisions, such as identifying possible entry and exit points.
Important Note:

This coloring scheme is optimized for light mode charts. In dark mode, the colors may not display correctly.
To ensure proper color display, please set the visual order of the indicator to "Bring to Front."
Future Updates:

This indicator is an initial version, and more features will be added in the future.

If you have any suggestions or feedback, please feel free to share your thoughts in the comments section of the indicator.


Good luck with your trading!


-iFarsheed-