The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice.
The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 6 months. Period : 19/08/2019 to 06/03/2020. Points = 688.25 No. of trades = 58 Profit Factor = 2.934 It is non-repainting indicator and uses version=4.
For free trial, send me a private message in order to access this script as this Invite Only script.