In this screenshot, I didn't select the most optimal timeframe, neither the most optimal input for the indicator. I just wanted to explain with a very simple example, how it works and how to use it Basically, it's being used to simulate obliques trendlines . I draw that one in pink to highligh what is the trendline simulated by the indicator
For Which timeframe ?
It's working for all timeframes.
Recommended input for the indicator ?
The greater the timeframe, the lesser the input should be. Which makes sense because setting a high value period on a weekly chart will give entry/exit signals way too late On the contrary, on a m5 chart, setting a low value period will give too many fake signals and you'll get angry. I don't want that to happen :)
For crypto intraday trading (meaning m5 to H4), I feel the sweet spot is between 7 and 14 for the indicator input. For crypto Swing trading (meaning H8 to weekly), an input between 3 and 5 is best
I can only strongly encourage you to apply it on a newly created chart without any other indicator and try to find the best input for the asset. Please note the ideal input might change between assets (example: BTC/USD vs ETH/BTC ) Drawing the corresponding oblique is very important the first time setting them on a chart to find the best setup
Notes on the pullback The pullback field expects a percentage input. Meaning if you want your trend signal to be at least 1% away from your MM pullback, just insert 1 and don't forget to check the "Pullback Percentage" checkbox :)
Please let me know in the comments section if you have any question