Disliked{quote} You aren't getting the full picture. Using it alone doesn't work but using it in a MTF mode works absolutely well. Let me explain. You will apply the indicator twice to the terminal. The first will ready data from a higher TF let's say M5 while the second will be used as confirmation on a lower TF e.g. M1. That way the second one will filter out junk signals and will be used to trigger entry. I really took my time to check things out properly. If you can make it MTF I will point you to exactly the rules I use in entry.Ignored
The general idea is fine.
However, I did look and to me this indicator makes no sense at all.
Look at this example of M1/M5 setup:
We are on the M1 chart and can see M5 candles, too.
And the signals are much better.
If you're looking for the Holy Grail indicator - STOP!