The following is an answer to a friend's question. It's not a complete technical theory article, it's just a simple rhetoric.

1. Look at the 5-minute chart.

2. Choose the simplest and most accurate indicator. We plan to choose Averages rainbow 1.04, 55 EMA averages. Input parameter: current.

Why choose Averages rainbow 1.04 instead of other indicators because it has MTF.

3. As shown in the figure, about 30% of the opportunity to make money, place an order following the floating rainbow ribbon after the London market opens.

4. But many times, the rainbow belt (average line) is not opened, and each average line is entangled. At this time, placing orders will often be eliminated by the market.

5. What indicators should be used to identify trend or sideways? Frankly speaking, I haven't found a reliable indicator yet.

6. Therefore, let's change our thinking and use MTF technology to see if it is now sideways: Change the Averages rainbow 1.04 average line to M15. From the picture, the rainbow belt is still floating downwards, therefore, it is still not possible to do more.

7. Now consider when to place an order: We try to use Schaff Trend Cycle to assist in judgment.

The technical indicator window is !!Schaff-Trend Cycle (mtf + arrows + alerts) H1 signal.

The above indicator trading system has been upgraded, see:

viewtopic.php?f=578267&t=8474539

Thanks for sharing this, will try it.