Learn about a unique price action indicator strategy for trading that is different from the many indicators already available on YouTube and TradingView. The video introduces two indicators called the Bullish Engulfing Automatic and the Support and Resistance by Rain 5369, and provides examples of how to use them for trading. The entry rules involve looking for a green zone or a good candle with a yellow color representing a reversal. The video concludes by encouraging viewers to like, comment, share and subscribe to the YouTuber’s channel.

The Hidden Price Action Indicator Strategy Revealed

Introduction:

Price action indicators are widely used by traders to analyze and predict market movements. In this video, a special price action indicator strategy is going to be revealed. This strategy involves the use of two different indicators, one of which is not known by many traders. The indicators used in this strategy are the bullish engulfing automatic and support and resistance by rain 5369.

Indicator 1: Bullish Engulfing Automatic

The bullish engulfing automatic indicator is a widely used indicator in the trading community. Developed by Ash Porter, the indicator automatically selects the important candles and highlights them in yellow on the chart. The important candles are the ones that indicate a strong bullish sentiment in the market.

Indicator 2: Support and Resistance by Rain 5369

The second indicator used in this strategy is the support and resistance indicator by Rain 5369. This indicator plots key levels of support and resistance on the chart. These levels are important as they indicate the price level at which the market is likely to experience a reversal.

Entry Rules for Trading:

The entry rule for trading using this strategy is simple. The green zone on the chart indicates a bullish sentiment in the market. This is a signal to buy. Alternatively, if the market breaks the support level and a yellow candle is formed, this indicates a reversal from the support level, and you can buy at this point as well.

Confirmation Rules:

To confirm the entry rule, the trader must look for the yellow candle formed by the bullish engulfing automatic indicator. This indicates a strong bullish sentiment in the market and confirms the buy signal from the support level or the green zone.

The Power of This Strategy:

This strategy is powerful as it combines the use of two indicators that complement each other. The support and resistance indicator gives an idea of the price levels at which the market is likely to reverse while the bullish engulfing automatic indicator confirms the bullish sentiment in the market.

Conclusion:

This price action indicator strategy, which involves the use of the bullish engulfing automatic and support and resistance indicators, is a powerful strategy that can be used by traders to predict market movements accurately. It is important to note that this strategy is best suited for short-term trading, and traders should set their stop-loss accordingly. Implementing this strategy with proper risk management can lead to profitable trades.