In answer to your question Yes I do understand that its a repainter, but I have found that by nesting multiple timeframes at an overbought or oversold level (Such as 6 or 10) gives me a "heads up" of when I should be looking for setups.
I do not use it alone for Entries or exits. Please sir if you could be so kind to add multiple instances would be much appreciated.
"A toy in the right hands is a weapon"