The video explains a trading strategy using buy and sell signals, indicators like Stochastic Heat Map, Pivot Point Super Trend, and Volume-Based Support and Resistance Zones to maximize profit. The tutorial discusses changes to indicator settings and entry and exit points in the market. The video also mentions the trading book ACCESS and XNX accounts for trading.
The Most Accurate Buy Sell Signal Indicator in Trading View
Exploring a powerful trading strategy that can be used for Forex, crypto, and stock markets.
Introduction
In this video, we will delve into the most accurate buy sell signal indicator in trading view, exploring when to enter the market and when to take the exit to earn the maximum profit. We will analyze simple indicator strategies that can be used to make the trading journey less complicated, with a focus on Forex, crypto, and stock markets.
Opening an XNX Account
Before we dive into our trading strategy, let’s briefly discuss opening an XNX account. XNX offers five account options, including two standard accounts (standard and standard sent) and three professional accounts (raw spread zero and pro account), all of which are trustworthy for deposit and travel methods. XNX also ensures maximum profit for your each rate, while taking less commission or no commission at all.
Using Stochastic Heat Map
1. Open up GBP JPY chart in five minutes time frame
2. Add the stochastic heat map by violent 3068 Traders to your chart
3. Modify settings in the stochastic heat map by changing EMA to WMA and theme 3 to theme one, increment from 10 to 8 smooth fast from 2 to 7, smooth slow from 21 to 26, and plot Number from 28 to 25
4. Go to the style tab, change the color of the plot and its thickness
5. The red color means the market is in the oversold level while the green color means it’s in overbought level
6. Enter the market when the orange line cross to the day line (K line to D line) in the oversold level, yielding a bullish trend
7. Exit the market when the scale line crosses the D-line at the overbought level, leading to a bearish trend
Using Pivot Point Super Trend
1. Add the Pivot point Super Trend by Lonesome to your chart
2. Change the Pivot Point period from two to three and ATR factor from 3 to 2.8, ATR period from 10 to 8
3. Modify support and resistance levels from young to eight (these levels will not be used in this strategy)
4. Do not make any changes to the style tab
5. Await a buy signal generated by the Pivot Point Super Trend indicator before entering the market
Using Volume Based Support and Resistance Zones
1. Add the volume-based support and resistance zones by Tommy f1001 11983 Traders to your chart
2. Go to the inputs tab, change the volume and my threshold from 6 to 8 and the number of zones back from 30 to 33
3. Change the color of support and resistance line colors to make them more distinct
4. Change timeframes to 8 hours, make the volume amid threshold the same, and the number of zones break back from 30 to 33
5. Do the same to the timeframe three setting, but set it on day
6. Look towards the stochastic heat and map indicator for entry into the market
7. Exit the market when the market reverses back by any resistance level
Conclusion
This strategy demonstrates how traders can use simple indicators to manage their trades to yield a much more effective trading plan. Using these indicators will help you decrease your risk level in the market, which is essential for making profits.