Yes, they react differently, Mobius made that TheoTrade version for them. There are piles of different versions out there... somewhere...Will try it again on a daily chart with those parameters (your version and the one from TT behaved differently, something to check later).
Funny how some old videos look like they were made this year, talking about the tight ranges (especially in the Summer).
Also, to get the bigger picture, draw a trend line under the lows on a daily chart. Is it going up? Check the Bolinger Bands and use those as an idea of direction as well, on a 6 - 9 month Daily chart.