The is extremely fast and accurate in determining price reversals - I exploit this quality and add the ability to select a granular TimeFrame to use for the calculations (ranging from 1m to 1D). The can be painted on any TimeFrame. When the indicates a price reversal, the strategy waits for the current candle to close before entering a trade.
Target profits and losses can easily be set, as well as: Leverage, % to risk per trade, trailing stop entry point, trailing stop offset, Spread, Commission, and more!
The indicator works on any currency pair (excluding metals) and as low as the 5m timeframe.
This strategy was published under Pinescript version 2, which has many bugs that create inaccurate results.
These bugs have lead to what's known as "repainting" and "future leak."
Sadly, this script is a victim of future leak and makes trade decisions based on future data, which is obviously not possible in the real world ;)
TV doesn't allow people to delete old posts or scripts, so hopefully this will suffice.