Can only go by the observations that I have made. Based on that, this type of entry occurs a couple times a day only if that often, and only on a 5 minute chart. Any time frame larger than that seems to round off the pink and cyan lines too much, so that they will not peak or valley.
The attached chart shows 3 entries, the initial short would have taken some heat but worked for a few pips. The next entry, a long would have worked nicely. The last entry a short would have worked for a few pips too.
Keep in mind that this all is in a very tight trading range.
Do not if the specs are exact. So unless signalbender chimes in, looks like it will remain in observation stage. But if it works, then who cares, right? Will trade it cautiously, but it appears that if used with the rat, may have advantages.
TheRumpledOne wrote:If the specs are exact, a trigger display of long/short/wait could be added to the indicator.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO