I normally detest distributing ADVISE,as you are a staunch follower of Kolkata Meet i have a Moral responsibility.
Never do we trade Indicator / Osscillators / Pattern / etc.We should have this Mind-Set that we should never try or Dream of trading with Indicators.
Any Indicator even a conventional MACD is just good enough to Trade Mkt.
We trade Price & Price have a PERSPECTIVE ,that is the Bigger picture.If you cant see the bigger picture in one cursory glance to a chart then be assured you have to have more 100 hrs of Screen time,under your belt,otherwise use a Longer period MA to guide you about the bigger trend.
Here to determine the Perspective ,i have seen many old traders of my age use simple Pivot only to determine the Bigger picture ,there analogy if the Price is below pivot ,then bigger picture (-)ve & they will trade towards S1.
In many of my chart people may have seen a Money Management tool,if above that Stop then my Longs will be more if below my Shorts will be more,if below Stop i intend Long then normal qty,if above Stop i initiate Short Qty would be normal.That also helps me to see the Bigger picture the Perspective the Back drop.
Now 2nd stage is identifying the Trend ,how ? by Saint's method,HH HL or LH LL ,simple no damn indicator only Price action Nothing else.
We now have the Bigger picture we also have the Present Ongoing Trend in Wave forms.
If you cant see the Trend use Kolkata Meet to SHOW YOU THE SAINT'S PIVOT,the indicator shows you the Pivot points.
Now we are to initiate the Trade TOWARDS the Bigger picture in the Ongoing waves reversal zone.Say we intend to Long & Mkt moving Down wait & wait until you get HH & HL .Remember we do not trade whenever Close above Kolkata Meet but we wait to get our HH & HL .Then ONLY after you get the Ongoing Wave also Conforming TOWARDS the Bigger picture you may need a TOOL to trigger your Entry Point ,at that point even a conventional MACD if gives Buy signal we take it becoz the EDGE is already there ,the Chances of Win are more,hence any Tom Dick & Harry indicator osscillator pattern will Do,will suffice our need of a Trigger.
There you can use Kolkata Meet.
Remember even when we get HH / HL & the Bigger picture is for Short ,we do not LONG but Wait for the Short,to get the Edge in our favour ,both PERSPECTIVE & Ongoing Wave are to be in SAME direction.
My Subjective ADVISE.
AsishA GEM TO ALL TRADE-LEARNER]