@dpanday, i don't use just use this one indicator. i base 90% of my trading decision on the elliott wave principle and use this indicator (as well as MACD, RSI with moving averages, multiple timeframes, and modular filter among others) for the remaining 10% to decide whether i will go long or short. but overall this indicator tends to be correct way more often than not.
Gui, that's an amazing indicator! It works super well....but sometimes it gives a false signal...specially on markets moving sideways...is there any way to minimize (or ignore) the false signals? Thank you!!!