Taking this "Wait and Trigger" concept to the extreme... I track all my signals and trades on the timeframe it is relevant. W1 timeframe is activated at open and expires at close as an example. Weekly is the motherload of my trend direction from monthly/quarterly/YTD hindsight. If i get it right at open, immense equity explosion but happens rarely without a retrace so i have other mechanisms to deal with retraces. With the use of this indicator, my EA could literally go into wait state and then wait further for my chosen MTF timeframes to get aligned and then wait fuether on m5 or m1 to trigger using your indi.for the appropriate currency setting. Too much hotch potch but if this allows me to got aggressive on my MM compounding returns it might be worth the shot :-)
Staying in my lane...