sal wrote:
I can post if someone interested only .  I am using Alpari.com mt4 for binary.com which is very close to the price action..

see the attached TPL

Thanks, Sal. The inner indicator doesn't show on the TPL. I've used the TMA with a setting of 15 (half of the outer) for it. Is pretty close to yours.
Anyway, I'm using a similar set up for Forex (but not on 1M) and when I'm bored (which usually I am) I trade some BO on 1M chart using 3 or 5M BO's. Those I trade off the inner channel (Dash line).Only when angle is steep. But my settings are 60/15.
Anyway, I think you should open a Thread at Trading systems and ask the admin to move all the posts there. It's also useable for Forex.