I think that, if you combine this indicator with a currency strength indicator and trade small retraces on 5 and 1 minute chart the indicator is gold. Just let me explain how I used it to get 20 pips fast yesterday on AUDUSD after the NFP announcement. After the first 5 minutes big spike down and the change of Binary AO 1 setting from green to red the AUD was the strongest pair near USD which it was first. When the next 5 minute candle opened I bought AUD with target the 15:30 opening of the previous candle (when the new came out). If you check your chart you will notice that the indicator repainted exactly the 15:35 candle from red to green again. Also all other Binary indis (5,3 settings) was green.
Can samer1970 share the .mq4 file here, I see it uses strength, how is this calculated? Also the indicator is working more like a zig zag and a trend indicator together - combined.
Looking for profitable short term trades ...|