Look at this 5-min chart for the last two days in ES. It has my cumulative tick indicator on it, which is continuing to impress me in how it picks the right direction in the markets. It’s using a paintbar to color-match with the indicator line in the lower panel:
And that’s a free indicator! I’m thinking (in what very little spare time I have) about entry and exit rules for this so I can program it into a strategy. It probably is death in a choppy market no matter what rules you use. Feel free to leave a comment if you have any suggestions.