Is reversal diamond indicator a perfect indicator ?

<p id="isPasted">The Reversal Diamond Indicator is based on a unique author's algorithm for creating the most accurate signals!</p><p>It is a great trend trading tool able to predict retracements and reversals. Signals are highly accurate especially with volatile side way trend in any time frame.</p><p>You must also keep in mind :</p><ol style="list-style-type: lower-roman;margin-left:62px;"><li><p>The indicator does not repaint.</p></li><li><p>The indicator does not recalculate.</p></li><li><p>The indicator works on any time frame but recommended is H4 and in any other time frames the trend must be in a volatile side way trend only for more accuracy.</p></li><li><p>The indicator works on any pairs, stock and commodity.</p></li></ol>