Hi Aquiagora

Like you I have been looking at this over the last few months and have come to the conclusion that of its self it doesn't give reliable or tradable signals.
I then started looking at it across timeframes and have developed a flag which shows the status in a different window (Red for down, Blue for up and White for neutral). This now appears on my charts on the bottom showing the current timeframe and the next two up. I have noticed that entries where the current timeframe aligns with the next two can produce very good results. In essence it is filtering out some trades which would be against the trend.

I will still play with it but it isn't my main decider yet

All the best

Michael

Hi Michael,

I'm still around.... it is that I just have not been making the time to visit and post here.
I was not expecting a response to my last post.

It is good to learn that you have been investigating further and have been able to filter out the unreliable signals.

Which three timeframes do you use to filter the trades which would go against the trend?

Regards,
aquiagora

Hi aquiagora

I am trying to focus on H4 and longer timeframes but it is whatever timeframe I'm looking at plus the next two uo, eg H4, Daily and Weekly.

All the best

Michael

Hi, again,

H4 and longer is probably better - I was using M30, which gives far too much "noise" even though there can be some good signals but if you have to eat, work and sleep between times the chances are you'll miss most of them.

Anyway please let us know sometime later how you are progressing with it.

Regards,
aquiagora