The Price Blocks PaintBar indicator is a unique and revolutionary new product by Jan Arps’ Traders' Toolbox, which gives the user a new and powerful way to identify accumulation, distribution, as a function of price.

The study plots red and blue shadow blocks over the price to illustrate trend direction and persistence. When seen on a chart, the Price Blocks indicator segments the price line into blocks of accumulation and blocks of distribution, giving you an easy-to-recognize graphical display of internal price behavior. The blocks surround their respective price segment congestion areas, while ignoring minor price spikes.

Available on: TradeStation and Multicharts