The video discusses advanced trading view indicators with price action for backtesting on short time frames, and provides a strategy using Delta RSI oscillator. The mission of the channel is to help traders succeed with powerful indicators and strategies. The setup involves changing settings on Delta RSI and RSI shaded oscillator, and using sell and buy signals with stop losses and a risk to reward ratio of 1:1.5. Examples of trades, including on a five-minute time frame chart, are shown. Viewers are encouraged to subscribe for more strategies and tips.
The Most Advanced Trading View Indicator Ever Created: A Guide to Backtesting
Introduction: Building a Successful trading strategy
Trading Tools: The Delta RSI Indicator and RSI Shaded Oscillator
Trading Set-Up: Customizing the Delta RSI Oscillator Strategy and the RSI Shaded Oscillator
Step-by-Step Guide to Trading with the Delta RSI Indicator and RSI Shaded Oscillator
– Short Position: Key Conditions and Steps to Place a Sell Order
– Long Position: Key Conditions and Steps to Place a Buy Order
Examples of Trades on Tesla One and Five Minute Charts
– Entry Signal: The Delta RSI Indicator and RSI Shaded Oscillator
– Confirmation: The RSI Shaded Oscillator and the Market Candle
– Stop Loss and Risk-to-Reward Ratio: Protecting Your Trade and Maximizing Profits
Conclusion: Empowering Traders to Achieve Profitability in the Markets