Will post interesting paintbar code if I write them of find them on the net.
You probably have but ... have you tried Blau's TSI as a combination of MACD and TSI? The composite may miss some individual divergences, but it ties up both conveniently.
Thanks wL for the very interesting information.
I WAS very much fascinated by the concept of paintbars and with audible alarm.
As you know, NSE stock data as fetched by QT is delayed by more than a minute and may not be of much use for intraday trading.
But, the index data is far less delayed and can be set to update at 15 sec interval. I find QT with paintbars is very useful to quickly assess the market condition whether it is LONG or SHORT. For stock data we have to rely on other sources like your broker or yahoo.
Thanks for your spirit of sharing which will improve every body's knowledge.
murthymsr