The great thing about this tool by Mladen is that it brings back memories of an old trading strategy for me. I actually first started using this type of trend trading strategy many years ago as a newbie in the Forex game. A friend introduced me a technique called the "34 EMA Wave" by Raghee Horner. And that began my journey and research into Raghee Horner's books and trading techniques.
Back in the day, before this tool by Mladen was made, we would use three Exponential Moving Averages set to "34" and set those moving averages to "High", "Low" and "Close". But with this tool by Mladen this strategy is rolled into one neat package including alerts plus more. Something I would have loved to have many years ago!
The 34 EMA Wave (channel) was and still is a very useful trading strategy and it taught me a lot about technicals, entries and even allowed me to counter-trade pullbacks when price ventured too far away from the "wave".
If anyone is looking to master trend trading I recommend downloading this indicator, applying it to your charts, and looking up Raghee Horner and her 34 EMA wave strategy. She's got a lot of very helpful info for beginners on her YouTube page as well.