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It can be compared to a single trend indicator.
You can't. It naturally lags. You might as well try to trade on the SMA. All the indicators you know are bullshit. They cannot work.
So by comparing them we will see it or not. While I am not sure that you entered the sell on USDJPY correctly. Personally, my Expert Advisor works without indicators.
USDJPY is on the brink. The smart move would have been to get out of the market. But once sold, then sold. No reason to buy yet either (for intraday trading, for other timeframes at the same time may be correct both to sell and to buy, depending on the expected scale of price and time axes movement).
.![](https://c.mql5.com/3/65/9.PNG)
Random coincidence. Not surprising, 50% of the time it should be. However, I, to put it mildly, highly doubt that the indicator you cite can be used to trade profitably.
I, too, am generally sceptical about all indicators, so I don't use them in Expert Advisors. But it is interesting to compare your filter with something. As you can see, the break has not responded to your wish.
Closing on GBPUSD. Unclear momentum.
You can't. It naturally lags. You might as well try to trade on the SMA. All the indicators you know are bullshit. They cannot work.
I'm buying GBPUSD. A subtle hint of growth: