I would suggest to use it as confirmatory indicator than a stand alone trading system. So in an uptrend the market goes in correction and stops falling and after a while the market goes sideways and after the consolidation we get TD Point Reversal buy and that will have much higher success rate than using it as a stand alone indicator ....it works well on smaller time frames of 5 min as well as longer time frames of daily bars...
If one gets TD Point reversal along with TD Double TD Point too, it is a much more potent reversal signal. In most successful reversals you will see both happening simultaneously.