I have back tested the version which Michel (post 16) created. I have made the following observations:

Over a period of one year, the EA/ Indicator was never ever wrong. The signal was premature in many cases, yes, and is definately not a lagging indicator. Because of these excellant qualities, it would be worth your while to put your stoploss as far away as possible.

The signal could be used for exiting the trade as well. Again, it's not lagging, so one has ample time on your side to exit. This is one of those indicators that allows you to "let your profits run".

Thank you, FerruFx, this is one hell of an indicator. In the 6 years that I have been trading, I haven't seen the likes of it. Congratulations! And success with the development of the EA.