It's a simple code, using the Japanese Heikin-Ashi method and with the
current settings, I use it for 1 & 5 minute bars for intraday trading.
Then you should see Buy/Sell arrows. Once a signal is confirmed, I let
other indicators and my own judgement decide if it's a Go/No Go. As you
will see, it's very accurate in specific market conditions, but when the
Bollinger band start to close in, it will give you "false" signals. I
never go with one signal only. This one together with Bollinger Band,
and my Heatmap (I just posted on the AFL Library) give me good info for
taking the right decission- most of the time. But as Many people said
before me, and it's first now I start to realize it (newbie), the best
indicators are the price and volume. :-)
I hope that helps.
Jorgen