I was wondering if any fellow traders ( have used ) or are currently using this Indicator , and if so , what tweaks that might have made to get more accurate signals with this indicator ? It looks similar to the Zig-Zag , as well as the use of the Wychof method, in that it plots how much Volume is associated with each Swing . What Timeframe(s) does it work on ..... Can you use it on a 60 min. / 1 hr. chart , a Daily chart, weekly chart and even a monthly chart ? And if so , I am guessing that you just have to adjust certain parameters .... the Longer the timeframe you are wishing to use it on ? One thing just from reading about it ( I have NOT yet used it on an actual chart yet 0 , is that it looks really good for " Keeping " you in a trade ... I.E. in the Overall trend . So, when the previous Swing in comparison to a " PullBack " swing , is Longer in Length A WELL AS has More volume in that Previous swing when compared to the pullback ..... The Logic is, that the Overall Strength of the Trend is still Strong, and you should stay in the trade and Avoid giving make weigh to the PullBack swings .... So Long as , Each previous swing when compared to a pullback swing ( When in a Trend ) is 1. Longer in Length and 2. has more volume associated with it .... The Trend is Still Valid, and you should stay in ? Is this some what of how to use this Indicator ? Thanks much
One quick note .... Does this Indicator take into account the use of the ACD method by Mark B. Fisher ?