FULL POWER Indicator on TradingView Gives Perfect Signals
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TechnologieTranscription
00:00 Cut your losses in half by using these two trading view indicators
00:04 I'm about to show you in this video.
00:06 These tools are so accurate that they barely lose a trade.
00:11 I've done a backtesting on the Solana 5-minute time frame
00:14 and the results were shockingly good.
00:17 The strategy wins 8 times out of 10,
00:19 even in short time frames like 5 minutes.
00:23 I can only imagine what it can do in longer time frames,
00:26 where market manipulations are less frequent.
00:29 The strategy's drawbacks are minimum,
00:31 which confirms that it is safe to trade with and profit consistently.
00:36 Want to learn how to use these indicators like I do
00:38 and potentially get the same results?
00:41 Watch this tutorial till the end
00:43 and hit that subscribe button if you haven't already.
00:46 Let's dive in.
00:47 What sets these indicators apart
00:50 is their ability to accurately read the price chart
00:53 and give traders the real picture of the current market state.
00:57 This is crucial as most trading view indicators are lagging,
01:01 which means they are not predictive,
01:03 but are instead used to confirm trends already established in the market.
01:08 Additionally, these indicators analyze price action from different angles,
01:13 allowing you to see the bigger picture and make better decisions.
01:17 I will show you how to install these tools
01:19 with the exact same settings at the end of the video.
01:23 In this part of the tutorial,
01:24 we'll discuss how each feature of these tools gives you an edge in the market.
01:29 Learning how to read these signals correctly
01:32 is something I really want you to focus on.
01:35 Let's start with these trend lines with breaks.
01:38 This functionality is based on the construction of trend lines
01:42 that connect two significant points on a price chart, highs or lows.
01:47 The breaks in these trend lines are crucial events you should watch for,
01:51 as they can signal a potential change in the underlying trend.
01:55 The indicator assigns a number to each trend line
01:58 based on how steep the slope is.
02:00 The higher the number, the steeper the slope.
02:03 Typically, a break on the steep trend line
02:06 has a better probability of trend reversal.
02:09 This is due to the fact that the price is overextended.
02:12 These trend lines also have fake breakout protection
02:15 in the form of a thick, barely visible cloud.
02:19 This innovation increases the winning ratio
02:21 and adds an extra layer of protection.
02:24 Trend lines can also be used to spot accurate trade entries in an ongoing trend.
02:30 When a security trends upwards, the price makes higher lows.
02:34 The indicator connects these lows to form a bullish trend line,
02:37 which can serve as future support.
02:40 Buyers often wait for the price to retest the trend line
02:44 to initiate a long position, which leads to trend continuation.
02:48 For safer entries, the indicator also comes
02:51 with a multi-time frame momentum dashboard,
02:54 the second crucial feature.
02:57 The multi-time frame momentum dashboard
02:59 is a sophisticated trading tool
03:02 designed to give you a complete overview
03:04 of the market's momentum across various time frames,
03:08 all within a single, easily interpretable table.
03:12 This dashboard is particularly useful for those who incorporate momentum
03:17 and trend-following strategies into their analysis,
03:20 as it allows for a quick assessment of the market's current state
03:24 and potential shifts in momentum.
03:26 The dashboard is organized into columns,
03:30 each representing a different time frame.
03:32 These can be customized in the inputs.
03:34 Each cell within the table displays a momentum score
03:37 for the corresponding time frame.
03:40 This score ranges from 1 to 99.
03:43 A score between 1 and 40
03:45 indicates that the asset is experiencing bearish momentum
03:49 in the specified time frame,
03:51 indicating downward price movement.
03:54 Lower scores within this range signify stronger bearish momentum.
03:58 Scores within the 41 to 59 range
04:01 indicate a lack of clear momentum in either direction.
04:05 This could imply a consolidating market
04:08 or a potential transition phase
04:10 between bullish and bearish trends.
04:12 Higher scores between 60 and 99 signal bullish momentum,
04:17 with the asset likely experiencing upward price movement
04:20 in the specified time frame.
04:23 Scores closer to 99 represent stronger bullish momentum.
04:27 You can use the dashboard to confirm trends
04:29 across different time frames.
04:32 For instance, if an asset shows high momentum scores
04:35 across short-, medium- and long-term time frames,
04:39 it might indicate a strong and consistent bullish trend.
04:43 The third indicator feature that will be used in this strategy
04:46 is volumetric order blocks.
04:49 Volumetric order blocks can act as strong support or resistance levels.
04:53 A bullish block might act as support,
04:56 suggesting a potential rebound area,
05:01 while a bearish block might act as resistance,
05:04 indicating a potential area for price reversals.
05:08 In the strategy I'm about to show you,
05:10 order blocks will act as signal filters.
05:13 For instance, a buy trade cannot be initiated
05:16 if the price is near a bearish order block.
05:19 This is simply because the odds of the market
05:21 reaching the profit target are heavily against you.
05:24 Speaking of profit targets,
05:26 this indicator gives clear buy and sell signals
05:29 with algorithmically defined targets based on market volatility.
05:34 The reason there are more than one target
05:36 is to give traders an option to take a part of their position off
05:40 every time price reaches one of these targets.
05:43 This way of trade management decreases risk
05:46 and eliminates the human factor.
05:48 So, these are the features of indicator number one.
05:52 The second tool involved in this strategy is significantly simpler.
05:57 This is a technical analysis tool
05:59 that visually represents the current trend in the price of an asset
06:03 by drawing two parallel lines on a chart.
06:06 These lines form a channel
06:08 that encapsulates the price movements of the asset
06:11 over a specified period.
06:13 The upper line of the channel connects the high points of the price,
06:16 serving as resistance,
06:18 while the lower line connects the low points,
06:20 serving as support.
06:22 This indicator is widely used by traders
06:25 to understand the market direction and volatility.
06:28 In simple terms,
06:30 an ascending channel indicates a bullish trend.
06:33 [BELL RINGS]
06:35 A descending channel indicates a bearish trend.
06:43 And a horizontal channel suggests a consolidating market.
06:47 Now that we've determined our indicators,
06:50 let's discuss the exact conditions for opening buy and sell trades.
06:54 We'll start with a long trade.
06:56 Before initiating a long trade,
06:59 check if the following criteria have been met.
07:01 First, the trend channel is ascending.
07:04 Second, the indicator issues a buy signal
07:07 or a trend line break signal.
07:09 Third, market momentum in higher time frames like daily,
07:13 four hour, is above 50.
07:16 Fourth, there is no bearish order block below
07:19 or at the first profit target.
07:21 You can also add a rule to buy only near the lower trend channel band,
07:25 but this is optional.
07:27 Set the stop loss at the recommended price.
07:30 Once the market reaches your target 1,
07:32 adjust the stop loss to break even.
07:35 Move the stop loss to target 1
07:37 once the price reaches your target 2.
07:40 Close the trade when the price triggers your final target.
07:44 Let's look at another example.
07:46 Here a bullish break serves as a buy signal.
07:49 All other conditions remain the same.
07:59 When shorting a stock, do the exact opposite.
08:02 First, ensure the trend channel is descending.
08:06 Second, wait for the indicator to give a sell signal
08:10 or a trend line break signal.
08:12 Finally, look for high time frame market momentum.
08:16 It must be below 50 points.
08:18 Also, ensure there is no bullish order block below your entry price.
08:23 Follow the exact money management rules as for long trades.
08:27 In the final part of the tutorial,
08:29 I'll show you how to install and set up the indicators for this strategy.
08:34 Open the indicators and search for Adaptive Trend Finder.
08:38 Pick this one by Julian Eche.
08:41 Open the indicator settings and change the channel to long term.
08:45 The second indicator is an invite-only script.
08:51 It's called the Trade IQ Toolkit.
08:54 I'll leave the link to it in the video description.
08:57 Once you've installed it on the chart,
08:59 open its inputs and perform the following customizations.
09:03 You'll need to enable two touch trend lines with breaks,
09:07 order blocks, signals at high frequency,
09:10 with a filter and a trade multiplier set at 4.
09:14 Once you're finished, click OK.
09:16 Test this strategy on a demo account
09:19 and if you're happy with the results,
09:20 trade with it in the live market.
09:23 Happy trading.