I have the system. I use NT, but have a tradingview window open with this running. I have been watching it for a few months lol. Only took a signal once. It was a winner. BUT the problem is it is kind of like a moving average in the sense that it looks so different on different time frames. You can put it on 1 min for example and it will give a Red signal for entry, but a 5 minute will still be blue candles. Or vice-versa. Then you can look at 15, 30, 1 hour etc. They are all (or some) are different. Another problem is it can be blue or red forever even though price moves up and down a ton. It is really interesting after the fact. You will think, wow, I could have got in here and got on this big run. But then many are just a few tick to a few points winners (or losers). What really makes me pause about entering a trade is that as a new signal is given (meaning the forming candle is going from a red/blue trend to the opposite color) is that it will change from blue to red over and over sometimes during the formation. Basically, if it is about to change, then that means it is on the "line" between trends. Sometimes it will be forming blue for example, then all of a sudden change to red, then back again several times. Well.. You MIGHT have gotten pulled into the trade only to see the color ultimately go back to the original color. Because you are supposed to put your entry a tick away. It can wick you in then change color back to what it was. I have experimented with using a 4 tick (ES) entry criteria to avoid this. Seems to work in theory from watching the chart, but still hesitant to enter. You want to put your stop at least the other end of the entry candle plus a few ticks, but ideally the previous swing. I just haven't been confident enough to pull the trigger. It also has a feature where you only enter if the higher time frame is in confluence. But it is a catch 22, because you may not get in a trade for days that way, then you enter, and it might lose anyway. If you put it on a lower time frame, there are more signals, but not as accurate. If you put it on a higher time frame, seems more accurate, but could be the same color forever and your stop would be pretty big. I am not knocking the system in any way. Just not confident with it yet. I have not figured out if it is based off some MA, or possibly a time based fib retracement of some kind. I have dropped a fib on it several times and seems to be bouncing off the 50, but not positive, since that can be subjective. Sorry, none of that probably helps. Hopefully someone else with it will chime in.
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