This indicator is developed by me in Metastock. And surprisingly it gives fair enough signals for positional long or shorts.
How to use: If a SELL signal comes in Bearish phase (red phase...see bottom of the chart), then its a sure positional sell......and reverse for buy (ie. buy signal in green/bullish phase).....
The validity of the signals in previous cases can be seen in the chart......Also, check the false signals....for eg, a 'sell' signal generated in a green / neutral zone was misleading (see Dec last week)....Similarly 'buy' signal in a red zone in Nov 1st week also mislead.
Currently, it shows a SELL in BEARISH zone......So, as per the mathematical calculations, NF has 90% chance of a making a new bottom....
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