Fundamentally, this indicator is suitable for uptrend and downtrend.
In the short term, this indicator is counter-trend.
So, this indicator is also suitable for sideways trend.
In short time frame (15 minutes or less), you carry out scalping trade.
Further, you can also carry out swing trade just by checking once a day (a week).
You can trade not only EURUSD but also AUDJPY and GBPJPY.
You can aim temporary decline in uptrend (Buying in the Uptrend) and temporary rise in downtrend (Selling in the Downtrend).
This means that you do not buy at a high price, and not sell at a low price.
Even if the conventional indicator lights signals once, there is a possibility that signals disappear until the candlestick is closed.
However, this indicator never does disappear once signals light up.
You can entry immediately without waiting for the candlestick is closed.
You can often entry when the candlestick is opened.
MetaTrader 4 is chart software developed by Meta Quotes Software.
This is a high-performance, convenient, free software.