Good Job, 

My question will be "Does it Repaint after the candle stick is close? However, it will be great to be able to Back test this indicator alone with different Pair and time frame. This will take some time but it will show the best pair and time frame to used this indicator. Show your profitable testing performance which I know it will be Good.

Thank you,

 Trading Rules:

If previous candle close Blue. Close any open trade and place a Buy Order.

If previous candle close Red. Close any open trade and place a Sell Order.

{One trade at a time. Close Trade upon next signal.} 

Hello,

There is no repain after the bar closed.

Your trading rules is right,but I want to point that the indicator just show the market status : bearish or bullish . You should have more flexible entry and exit strategy. 

I just suggest users to use it on H4 time frame at least. 

To be honest,I did not use it, but I believe other users can make profit by using it if they insist on using it. 

Setting color at the color tag.