The signals from the above indicators were to infrequent. The 15-minute "Figure It Out" alert below is better.
The 15-minute "Figure It Out" alert (the top chart below) is inadequate for identifying the deriv.com 15-minute binary option trades I was looking to execute on Friday. I therefore coded the indicator in the five-minute (bottom) chart to use instead, which I plan to try out this week.
Questions to Ask Yourself Based on Today's AUDJPY Study: On which side of the rosy brown eight-minute baseline is the is the white 1½-minute price action taking place? Is the rosy brown eight-minute baseline sloping upward or downward (if at all)? Is price action taking place in the upper half, lower half or middle of the sea green 15-minute price flow channel at 0.10% deviation? Is the sea green 15-minute price flow channel angled north, south or neither? Is the rosy brown eight-minute baseline positioned above or below the slate blue 30-minute baseline? Is the slate blue 30-minute baseline bullish, bearish or neither? Is the slate blue 30-minute baseline located above or below the black hourly baseline? In which direction is the black hourly baseline sloping, if at all? Is the black hourly baseline located above or below the crimson two-hour baseline? In which direction is the crimson two-hour baseline sloping, if at all? Is the eight-minute price flow reversing direction at any of the progressively wider statistical support or resistance levels at 0.5%, 0.15% or 0.25% deviation? Is the oscillator for the 1½-minute "trend" line in the (top) lower-panel price anomaly channel reversing direction at the upper 0.375 or lower -0.375 level, or the more extreme upper 0.67 or lower -0.67 level (with respect to the three-minute baseline and/or the three-minute price range envelope at 0.04% deviation)? Is the oscillator for the 20-minute high/low in the (bottom) lower-panel price anomaly channel reversing direction at the upper 0.841 or lower -0.841 level, or the more extreme upper 1.879 or lower -1.879 level?
By the way, you should be on the alert to possibly enter positions when the oscillator for the 20-minute high/low is on the contrarian side of distinctly bullish or bearish histogram bars corresponding to the slope of the eight-minute price flow.