Arps SuperPaint Permission Screen

The Arps SuperPaint Permission Screen tool is used as a confirming indicator in conjunction with other tools to give an indication as to when it is advisable to take a long or short position. When the permission screen is blue, only buy signals should be considered. When the permission screen is red, only sell signals should be considered.

This tool is based on the Arps Price Leader algorithm, which is a very sensitive, acceleration-based oscillator. It detects small direction changes, so should be used with caution as an entry/exit tool of itself, but it can serve as a setup tool in conjunction with other triggers.

The SuperPaint Permission Screen tool has two Inputs which control the sensitivity of the study:

Fast Line Sensitivity (Defaut = 2, Range = 1-10) Higher numbers cause color changes to occur more slowly.

Slow Line Sensitivity (Default = 8, Range = 1-10) Higher numbers decrease the sensitivity of the overall indicator.