has nothing to do with anything you mentioned..... has nothing to do with any concept i have every mentioned..... not even remotely.....
it does appear to be a fair countertrend play, but that's just a byproduct.....
wrote a dashboard to check...... 5 minute thru week...... scans last 5 bars for signals..... the diamonds are the zigzag and squares are signals...... square closest to zigzag is bar[0] and so on......
the majority of the buy signals are behind a down zigzag and majority of sells are behind a up zigzag..... so your correct about the countertrend aspect.....
that is a surprise to me...... had not considered it being so.....
for sure, i under estimated the number of trades....... expected 60 this week...... almost 200 so far......
still in progress.....h
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to trade and code, keep both simple... no call to impress....h