I have observed this last night and today. As I said before, it looks like a Fib count of an Elliot wave, but he only uses 3 count and reject the rest, and I saw this numbering before, in my Elliot wave Ninjacator Indicator. I bet you that is where he copied it, in the Ninjacator Elliot wave strategy, without all the projected and violated area excluded, he just put the numbers to show that area. I bet that if you installed the Ninjacator Elliot wave indicator, they would match. Now, those bars I think is based on the Fib count, the first bar is the retracement bar, seem like and he color it, the 2nd bar I think is the projection bar , and display only when the first bar is fully satisfied and there is a big chance that the projection bar could happen (2 to 3) the color I believe is base also on their accomplishment first bar, and 2nd bar. The strategy, I think here is trade on the projection, where it is going. Where to trade, as I tried with a simulation account, when the 2 bars are almost the same in color it mean the direction is right and have highest chance it will happened; where to stop, when the 2 bars have a slight or big difference in color, mean more opposition or opposite of your projection or guest. And I made profit trading it that way.