This indicator helps determine the exit point of a play. Lots of green candles making you money? Got one red candle and now you're worried if this is the top? Check this indicator! A red arrow helps confirm that bearish pressure is rising while bull pressure is declining, and this may be your chance to exit. Works the opposite way for short plays, giving a green candle to help confirm the bottom.
This indicator was written to help educate members over at OptionsPlayers.com
Yes, it does repaint. I had intended it for intraday candles (2min-15min). I honestly haven't looked at it in a bit because I've been pretty busy with another project.