This indicator is designed to show key pivot points, also known as levels, which could provide good trade entries.
Utilising liquidity concepts, untested pivot levels can be a good place to enter a trade after the pivot is tested, liquidity is taken and the direction reverses.
Alternatively, utilising the option of viewing already tested levels, you can easily...
V2 of previous CFC, added optional bull/bear squeeze.
squeeze can get a bit messy on extremely oversold/overbought markets like currently USDJPY in 1 hour timeframe, or any currency on low time frame during high volatility.