Around two months ago, I requested from my friend to make mtf of this indicator as elite member. This is really helpful and it doesn’t retrace and redrawn. It is excellent for signal generations and particularly for the new Forex traders. In my opinion, 20pips daily at the end of the year would assist a lot.
In the diagram above, you can observe the usage of this indicator. If it crosses, you will wait for the candle to close and enter at the next bar. You should never get the signal/entry when it does not cross at the middle. The reason is that it serves as a retracement and the brokers can’t do anything about it. You can optimize the settings for one hour time frame too. But, it needs some modification so that you can know that there a way by which you can stop to enter in wrong trade. I am going to use it now and I will tell you this is a guarantee for 20pips.
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