it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment. if a red dot appears you sell your position. easy as that.
When I apply the EMA Dots Indicator you created, it says study not authorized and it is locked for use so does not show on my chart. Perhaps it is because your account says permanently banned on the image?