Below is the same indicator on an intraday chart:
DJIA - 30 minute
One week of trades using the ATR_TrailingStop system. Can you make money trading this? If you can't, you might be in the wrong business.
Here are two even shorter time frames:
Combined with the False Bar Stochastic, this is a powerful indicator. All of this because one of you was considerate enough and generous enough to share a trading idea.
This is what AllAllan is all about.