This video discusses the use of a Super Trend indicator with other indicators to find accurate trade signals. The CCI and BB indicator and Willy mid indicator are also demonstrated. It provides guidelines for identifying false signals and proper conditions to enter into trading positions.
Using Super Trend Indicator with CCI and BB Indicators for Accurate Trading Signals
Introduction: Accurate Trading Signals for Successful Trading
In this video, we will discuss the most accurate indicators that can be used with the Super Trend indicator. These indicators are simple, accurate, and easy to use. To learn how to use it, let’s apply the Super Trend indicator and explore how to use it with other indicators.
Applying the Super Trend Indicator
Using the Super Trend indicator is very easy. When the candles are below the Red Zone, we will look for selling opportunities, but when the candles are above the green zone, we will look for buying opportunities. However, the question remains – how do we find the best opportunities, and how do we take advantage of them?
Using CCI and BB Indicators
To find the best trading opportunities, we can use the CCI and BB indicators. After applying it to the Chart, we will see yellow and white lines, upper, and lower bands. The red areas indicate selling areas, while the green areas indicate the strength of buying. The most important thing in this indicator is the little green and red dots. To enter into a short position, we must start with the red dots above the middle band in a Red Zone. To enter into a long position, we must start with the green dots below the middle band in a green zone.
Avoiding False Signals
To avoid false signals, we need to check if the signal is confirmed or not. For example, a Buy Signal below the middle band and in the green zone is a false signal. We need to make sure that the conditions for a signal are met – a Green Dot in a green area, which is also under the lower band.
Using Super Trend Indicator and CCI and BB indicators together
When the Super Trend indicator gives a red area, we will only look for short positions inside this indicator. A cell signal above the middle band and in a red zone confirms a signal. However, a signal below the middle band and in a green zone is a false signal.
Using Willy Mid Indicator
Another useful indicator for successful trading is the Willy Mid indicator. To make it work even with small frames, we need to change some settings. When we see green boxes, it means that the indicator has reached the overbought area. We should look for short positions.
Conclusion: Successful Trading with Accurate Indicators
In conclusion, to trade successfully, we need to use accurate indicators such as the Super Trend, CCI and BB, and Willy Mid indicators. By checking and confirming signals, we can avoid false signals and find the best trading opportunities. Using these indicators together provides us with accurate trading signals and ensures successful trading.