It's both. You can use it as a stand alone if you wanted. I take it as a pure signal many times. But you can take it in conjunction with other signals as well. It's a very powerful signal!
For instance, if you get a Magic Bar formation showing support, and a few bars later you get a sell signal, I would refrain from taking the sell signal until we got through the support of the Magic Bar. Yes, it's that powerful. However, knowing that the sell signal will likely fail (because of the Magic Bar) I can look for an opportunity to buy instead. So you see you can use it both ways and still come out ahead.
I hope that was what you were getting at. If not, let me know and/or shoot me an email.
Erich