For those seeing the indicator for the first time, it works like Donchian Channels with lag and a channel width condition to detect breakouts. On top of that I integrated a Stop Loss and Take Profit system to pinescript.
Backtest results below are calculated with :
Short + Long Strategy
0.05% Commission
100% of 10 000% equity per trade
Strategy data from 25/04/2019 to 18/05/2019
Default Configuration for BITFINEX:ETHBTC 3 minutes timeframe.
This version also has the Stop Loss / Take Profit system included in the previous version, plus a short / long setup distinction. For example you can choose a different stop loss % for long and for short trades.