that's my actual system, 4th iteration
yea... but it does work, and it gives about 3 "good" and 1 "bad" signal in an hour on the 5 minute charts (which is great)
but its a ***** to interpret properly and probably impossible to automate without a phd in computer science
on that image : price just crossed a pivot point, now it will slowly trend up, there is also a up spike coming up in the next few bars
also its a good time to sell (or at least was 1 bar ago) and a good time to buy(while hedging those delicious down sharps that will keep happening) into that up trend in about 2 bars
also the ask/bid line is conveniently on the current resistance level
all that from the mass of squiggles on the image (i didn't even have to look at my mt5)
holy grail only exist for the mad, technical analysis is an art, your either picaso or the guy who drew on the bathroom stalls wall...