The overbought & oversold levels on a lower timeframe can determine the upper and lower wick on a higher timeframe's candle.
If you know with a high probability what the directional bias is (trend is determined by the HTF candle body closing above or below the 8ema convincingly) you can then use the LTF overbought/sold levels to catch the wick entries of the higher timeframe candle, increasing your win rate and risk to reward.
The lower timeframes (left) are married up to these higher timeframes (right): 4H/M 1H/W 15min/D 5min/4H 1min/1H
The entry criteria for a long needs to follow these steps in order: 1. Price below the HTF open 2. LTF blue wave hits -60 3. LTF bullish candle body close above 8ema
The entry criteria for a short needs to follow these steps in order: 1. Price above the HTF open 2. LTF blue wave hits +60 3. LTF bearish candle body close below 8ema
If you are someone new to DrSlater and you use Market Cipher or VuManChu, you have to check out her YouTube videos! This is the strat you've been waiting for if you've been frustrated trying to figure out how to use MCB effectively! I"ve been fishing around for years trying to figure something out. This is the answer. First time I've been profitable two weeks running in over three years!