Learn a game-changing trading strategy using the Hiken Ashi trading view indicator combined with triple exponential moving average that produces accurate trade signals. This strategy works well on cryptocurrencies, major forex pairs, and stocks on shorter timeframes like 5 and 15 minutes and higher timeframes like one hour and daily charts. A step-by-step guide is provided for installing the indicators on the chart and the entry rules for long and short trades. Improve the strategy by customizing the indicator settings and backtest it using Trader Edge, which offers a free back testing guide, a premium course, and pre-made strategy setups.
Title: How to Use Magic Indicator Strategies to Boost Your Trading Game
Introduction:
As a trader, you want to find the best tools and strategies that will help you make profitable trades. In this video, we introduce a game-changing hiking Ashi trading view indicator that will blow your mind and share a simple but powerful trading strategy that you can implement right away. With this tool, you no longer need a bunch of confusing technical indicators on your chart to make money from trading.
How to Install the Tools on Your Chart:
Installing the vervort hiken Ashi long-term Candlestick oscillator by lazybear on your chart is easy. First, open the Bitcoin price chart on the five minutes timeframe, then open the indicators tab and search for the indicator. This trading view indicator is based on the hiking Ashi candlesticks and incorporates several other technical analysis techniques, including triple exponential moving average and exponential moving average.
How to Use the Indicator:
The vervort hike in Ashi oscillator is easy to read. When the histogram turns green, it indicates a potential buy signal, and when the bars turn red, it is a potential signal to sell. The indicator’s sensitivity signals are more frequent when the number is smaller, and the candle size factor can also be adjusted.
How to Use Moving Averages to Identify a Trend:
The three in one EMAs are a powerful combination of moving averages that help traders better identify a trend. The EMA 50, which is the fastest moving average, will be our primary support and resistance. We will use the EMAs not just to identify the trend but also as dynamic support and resistance levels.
Entry Rules for the Trading Strategy:
The entry rules for this strategy are simple. For a long trade, wait until the price closes above the moving averages, and the EMAs should then be positioned like this. The price should retrace to the 50 EMA, and the hike and Ashi indicator must turn either flat or red. For a short trade, the price must be closed below all three EMAs, and the EMAs must be aligned correctly.
Examples of Successful Trades:
In this section, we provide examples of successful trades using the trading strategy. We encourage traders to share their ideas in the comments section. With the Trader Edge app, traders can backtest and forward test any trading strategy and get valuable insights. The app also has a library of the best indicators and trading strategies that have been proven to work.
Conclusion:
With the magic indicator strategies and the right trading plan, you can make profitable trades and become a successful trader. We encourage traders to keep learning and testing different strategies until they find what works best for them. Remember, patience and discipline are crucial in trading.