Hi,
You are wasting time, I have an EA that uses this indicator and the results are quite bad. The ratio is too low to do real trading.
I have attached some pictures, with a H1 backtesting on one year with pips generated, max drawdown and ratio. There is no TP and no SL for this backtesting (to have a good quality of modelling). And some examples of live demo trading results.
I have tested it during 4-5 months, it doesn't work. Maybe on larger timeframe, but not interesting to me.
I think the best kind of trading to study is breakout and daily scalping.
Good luck.
