Disliked{quote} Hey buddy! Never got to thank you for the insight into UTZs! Works like a charm. Notice that the last 10 UTZs on M30(h=24) were all winners. No losses.(if you managed your exits well of course). Cheers!Ignored
Are you talking about EU? If so, they look untradable to me (I'm assuming that you trade away from them). The problem is that if you wait for them to be fully formed (h=24 in your example) then the move away has already happened in most cases. You might be able to pick up a few more scraps but at what cost / stop loss? And if you try to anticipate them before they're fully formed then you risk getting hit because several look like they are going to be full UTZs but they become invalid before middle+24 bar.
Also, you said that the last 10 on M30 were all winners but on my chart the one at 09:30 GMT on Oct-14 was a loser (price broke below it after middle+24 bar).
Kudos to you if you're managing to trade this method on its own but for me it can only be a backup signal.
You reap what you sow.