This is a brilliant indicator and unfortunately it does not work (send alerts) on the Dow.
Can this be made to work on the Dow?
The illustration shows how it will be used and I did not use the indicators under the charts for this check.
The higher timeframe signal will trigger a 'change of direction' alert that will be checked by the next lower timeframes.
I used the 1hr chart with the 4hr signal, the 30m chart with the 1hr signal, the 15m chart with the 30m signal and finally the 5m chart with the 15m signal.
Trading the 1m chart using the 5m signal.
It was impossible for me to look at all those charts so I used the 15m and 5m charts with the 'change of direction' signals from the upper timeframes. That was visual and if the pop-up alert was working I could have checked fully over the whole week but I thought the practical theory of using the Hi-Lo indicator from a higher timeframe was well worth the work.
If it can be adapted to work on the Dow I can test it over a full week.
Thanks if it can be done.
TEAMTRADER