A hidden trading view indicator, BJ Key Levels, helps identify supply and demand zones in the market for potential entries, while the Dots indicator uses RSI levels to spot trend reversals. Adding the RSI Plus Backlight indicator can aid in identifying divergences, which signal a potential trend reversal. The video provides a trade example for both sell and buy signals at key levels of market structure. Backtesting and caution are necessary when utilizing any indicator. The video promotes Trader Edge and Lux Algo Premium for additional assistance with trading.
The Top Secret Unknown Trading View Indicator: Revolutionize Your trading strategy
Introduction: The Game-Changing Tool
Trading View: The BJ Key Levels Indicator
Identifying Key Levels of Market Structure
Making Adjustments to the BJ Key Levels Indicator
Marking Key Levels on the Four Hour Time Frame
Adding the Dots Indicator to Determine Entry Points
The RSI and Overbought/Oversold Levels
Adjusting the Dots Indicator
Looking for Divergences with the RSI Plus Backlight Indicator
Understanding Divergences and Their Significance
Trade Examples: Bullish and Bearish Divergences
Waiting for Price Action to Approach Key Levels
Looking for Confirmation of a Potential Reversal
Entering Buy/Sell Trades with Stop Losses
Testing Out the Strategy and Indicators
Conclusion: Becoming a Highly Profitable Trader