Repainting indicators may fool you into thinking you’ve found the “holy grail” of indicators.  Unfortunately, they are not what they seem.  We come across them in our research.  Some are popular and have been around for some time.  Our goal is to make you aware of them.

The format we will be exhibiting the repainting

indicators will include:

Name

Type

Subtype

Degree of repainting

Screenshot of chart

Video of the indicator with analysis

Below, is a short introductory video.  The indicator listing follows the introductory video.

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1. Hodrick-Prescot Moving Average

– Type: Price Overlay

-Subtype: Two Lines Cross

-Degree of repainting: HIGH

 The indicator analysis is below.

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2. Trend-Trading-Indicator

– Type: Price Overlay

-Subtype: Two Lines Cross

-Degree of repainting: HIGH

The indicator analysis is below.

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3. Slope Line

– Type: Price Overlay

-Subtype: Color Change

-Degree of repainting: HIGH

The indicator analysis is below.

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