Trade based on Market Cycle Indicator

1. Market Cycle indicator is above zero (default setting is blue histogram bars)
2. A bullish pin-bar is formed. A bullish pin-bar has a longer lower shadow and a smaller upper shadow, with its body size several times smaller than its lower shadow. The body of a bullish pin-bar can be either bullish or bearish.
3. The previous bar of the pin-bar was bearish.
4. The low of the pin-bar must be lower than the low of the previous bearish bar.

Sell ​​signal conditions:

1. Market Cycle indicator below zero (red histogram bars by default)
2. A bearish pin-bar is formed. A bearish pin-bar has a long upper shadow and a smaller lower shadow, with its body size several times smaller than its upper shadow. The body of a bearish pin-bar can be bullish or bearish.
3. The previous bar of the pin-bar was bullish.
4. The high of the pin-bar must be higher than the high of the previous bullish bar.

Stop loss:

1. For a buy position, set the stop loss below the lower shadow of the pin-bar minus the spread average.
2. For a sell position, set the stop loss above the upper shadow of the pin-bar plus the average spread.

Taking profits:
Personally I would close the position when the next bar (after the pin-bar) closes.

---Updated 2020-03-04---
Version 1.05 released indicator.