This strategy finds key buying and selling points during highly volatile market conditions. It works best on 2 hour timeframes. use the "same as chart time frame".
Red circles are selling points, and green circles are buying points.
During a bull market, it will find the best buying times, when price capitulates.
During a bear market it will find the best selling times when prices spikes higher.
It will be wrong when the market conditions change from one to the other.
During a strong uptrend without large volatility, it will generate more sell signals than wanted, you can adjust the sell-basis to account for this, and vice versa for the buy basis.