The indicator gives you not one, but two timeframes.
Higher TimeFrame (HTF) is the trend. This is the way to understand and see the "bigger picture" and take a decision to look for Longs or Shorts. There are two important rules for traders: "The trend is you friend" and "Never trade against the trend". Its better to follow these two.
Current TimeFrame (CTF) is the timeframe on the chart you like to trade. After defining the trend from HTF, you can easily find an entry on a Current TimeFrame (CTF).