Have you ever read David Aronson book called "Evidence-Based Technical Analysis" ?
Or maybe you saw the recent work of John F. Ehlers and Rick Way "Trading System Design: A Statistical Approach" in the March 2015 Stocks & Commodities Magazine.
What do they have in common? The both study technical indicators based on the predictability of an indicator.
What I built is a indicator using Quantum Mechanics (Statistical methods for measuring something that is to small to measure) that will test a indicators predictability out a certain number of bars, then run a hypothesis test to measure its predictability.
The indicator only uses SMA cross but is designed to add ANY indicator with a little bit of coding. NEAT right?
This thread I am building to answer any questions you might have on the indicator and how it works.