This indicator is more useful if using together with other ones that i’m on the way to find them. However, i’m trading based not only on the indicator but also on my own fundamental analysis.
I just trade manually with small account, just to learn to analyze only.
Seeing this indicator at a glance, I’ll have to say the fact that it doesn’t repaint makes it an “honest” indicator. Yet I personally think that it needs more confirmation (on entry & exit) rather than just following the indicator with faith, since this indicator sucks at ranging and or volatile market environment. Maybe anyone here can suggest how to add further confirmation for this indicator, regarding of invalidation & validation point, etc ??
It depends on which pairs you trade and you trade short or long term. However, i see that the longer period of time, the more accurrate signal the indicator gives.