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I think that very fast version alone could be a bit too ‘nervous’. Using it in conjunction with the moderate tuning posted before could be useful.
Look at this pic: middle and bottom window show Gadi_Currencies v3 vs ASS_Correlator in moderate tuning – like posted before.
The top indicator window shows a faster tuning of ASS_Correlator. Taken stand-alone, it’s whipsawing heavily. When that moderate one is providing mid-term swing information, the fast one could provide good entries in the swing direction indicated.
Example: downswing between those yellow lines, a good short entry at the red line, assuming we missed the first entry about 6 bars earlier.
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A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)