It also works on larger timeframes - knowing the week’s opening or midpoint pace gives an idea of how much ‘fuel’ is in the tank to move price x distance by week’s close. There’s code in Jack’s software thread that can give you scaffolding to build your own.
What other parameters and tools are used by them? eg - any popular moving average lengths, types? - any popular price action footprints? eg Double Tops n Bottoms? - any popular exit methods? eg measured move, trailing stops, ... - any popular chart patterns?