MEI Indicator

[equtrader 10]

It is used by this guy in this blog and it appears it is proprietary. Can anyone figure what kind of an indicator is it? I am willing to pay someone to back engineer it for me even close to 90%. Here are some examples where it is used:

 

http://www.priceactionlab.com/Blog/2011/05/sp-500-index-are-we-close-to-a-trend-reversal/

 

http://www.priceactionlab.com/Blog/2011/05/the-state-of-etfs-may-23-2011-the-week-ahead/

 

You can send a pm if you like.

[Tams 20]

how much are you willing to pay?

[Tradewinds 12]

Here is a link on that site that states that he developed the indicator.

 

A New Technical Analysis Indicator | Price Action Lab Blog

 

Have you contacted the author, and asked if he shares it openly?

[gianno 10]

This p-indicator appear to work well for timing very short-term reversals. Here a few more links from that website:

 

A Rare Strong Signal from the p-Indicator | Price Action Lab Blog

 

Reversal Signals from the p-Indicator | Price Action Lab Blog

 

There is definitevely something there that is worth studying more and I am trying to figure out how to play such indicator.

 

One thing that it is clear to me is that this is not a traditional indicator but more of a system of patterns backtested on each bar.

 

Commets from anyone who knows or understand more about this will be appreciated.