@alexi4_stoevi4, Well you wouldn't look at this at low time frames. So it doesn't really matter when you look at it with the daily or weekly candles.
Tooraj_
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It's about time I posted an update on this. The script seems to have worked quite well so far. I picked the tops and bottoms of the last three cycles. Here is the updated chart in the logic scale.
Tooraj_
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There you have it, people! The bottom signal has just flashed this last week! We will know in 6-12 months how well this indicator works for bottoms.
Tooraj_
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Alessio Rastani's recent video about a similar indicator is based on similar logic. You may find it interesting.