Hi BOedge, I think it is not the indicator you refer to.. I thought it was the Color stochastic too but when I saw the indicator in action in in the original strategy I thought something different from it. My reasons are because one Color stochastic or any stochastic of that kind its set up is 5,3,3 but his indicator just has one number displayed on it. It is the number 12.. It means, it may be a RSI or one of its derivate indicators. Besedes that, the indicator of that strategy has some dots lining the indicator.
In that strategy, the speaker says, that indicator alerts when to enter a trade precisely when it is a down or uptrend.
Here you are a link a picture of the strategy. https://www.facebook...79&type=3&ifg=1
I don't know if I can paste the Youtube video link of that strategy over here so that you all can see the whole strategy explained by the author step by step . I say that because it is a paid strategy. The author also uses I think a 50 sma and it works on some specific pairs. The thing is that the autor doesn't allow viewers to see what kind of indicator it is It may be a free indicator but I watched the whole video intruction and he did 4 real 2 minutes trades. .It means, he won't those 4 trades in a row.