Soheil PKO
A powerful and accurate trading indicator called logistic RSI Stochastic ROC Awesome Oscillator is introduced. The video explains the different components and settings of the indicator and demonstrates a special combination for effective trading. The indicator applies logistic map equation on different oscillators and shows bullish or bearish power when above or below zero crosses. The video recommends using directional indicators like Pivot Point super Trend or andeon oscillator to help with trend or potential changes in the direction of the market.
The Most Powerful and Accurate Indicator on TradingView
Introduction
In this video, we will introduce you to one of the most powerful and accurate indicators on TradingView. This indicator, called the Logistic RSI Stochastic ROC Awesome Oscillator, is an editor’s spec indicator and will take your trading to the next level.
Understanding the Components and Settings of the Indicator
The Logistic RSI Stochastic ROC Awesome Oscillator is an oscillator with small red and green crosses above and below the center line, which is zero. The indicator utilizes the logistic map equation to study the increasing or decreasing growth of a market. Different oscillators have different behaviors, and it’s crucial to understand the settings and components of each indicator before making a trade.
Combining Indicators for Best Trading Opportunities
To effectively find the best trading opportunities in the market, we recommend combining indicators. For instance, you can use RSI to show the trend of the market. When the RSI is green, it means the trend is up, and when it’s red, the trend is down. The stochastic oscillator can be used to show when a pullback is happening within the trend. A red stochastic oscillator shows the end of the pullback. However, the Awesome Oscillator should be red before entering a short position.
Similarly, when going long, the trend is up when the RSI is green, and when it turns red, it shows a pullback. You can enter a long position if the stochastic oscillator is green or turns green.
Tips for Successful Trading
Along with using indicators, you must keep a lookout for the price action and use directional indicators such as the Pivot Point, Super Trend, and Aroon Oscillator. These indicators alert you to potential changes in the market direction.
Conclusion
Overall, the Logistic RSI Stochastic ROC Awesome Oscillator is a powerful and accurate indicator on TradingView. By using this indicator in combination with others, traders can gain a significant edge in the market. Remember to also consider the price action and other directional indicators to make informed trading decisions.
