Learn about the most advanced and accurate trading view indicators for successful trading in 2023 and beyond. Includes tools like Chandelier exit, ranging market detector, and supply and demand visible range indicator. To fully benefit from these indicators, traders should also consider price action and key support/resistance levels. Backtesting is recommended before implementing any trading strategy.

write 2100 words and add headings article based on this youtube script use 20 words in a sentence in maximum 25% of sentencesIn today’s fast-paced ever evolving financial markets having the right tools can make or break your trading journey and that’s precisely what we’re about to delve into today we’ll be showing you the most advanced and accurate trading view indicators for you to conquer the markets in 2023 and Beyond these are not Your average run-of-the-mill indicators no these are the creme de La Creme the elite tools that have been reshaping by Traders analyze strategize and ultimately profit whether you are a beginner dipping your toes into the trading world or a seasoned Trader looking for an extra Edge this is a Video you can’t afford to miss these indicators could very well be your ticket to a new level of trading success we’ll be breaking down each indicator and explaining how it works why it’s so effective and how you can incorporate it in your own trading strategy so are you Ready to revolutionize your trading game grab a notepad setback and let’s uncover the secrets of the most advanced and accurate tradingview indicators that are out there let’s get started so to start let’s head over to tradingview.com and open the chart of any asset to add our first tool to the Chart open the Indicators Tab and search for Chandelier exit the only one you’re looking for is this one here created by everget the chandelier exit is a volatility based indicator that was developed by chocolate bow to set stop-loss levels and trending markets it got its name because it hangs down from the highest Point or the sailing of the market the chandelier exit is typically calculated for long positions as the highest high for a selected period minus a multiple of the average true range for short positions it’s the lowest low plus a multiple of the ATR the ATR measures Market volatility and is commonly used In the calculation of stop loss orders this tool is designed to keep traders in a trend until the trend shows signs of weakness so if the market hits a new high the chandelier exit will move up but if the market Falls the chandelier exit will stay constant this makes it a Type of trailing stop loss this indicator will be used to define the entry and exit points as well as the stop loss levels for both long and short positions if the price crosses the chandelier exit line it could be an indication that it’s time to close your Positions and secure your profits as the trend might be reversing the chandelier exit settings can be modified changing the ATR period to a higher number will increase the signal like the ATR multiplier can also be adjusted generally the lower the number the more signals the indicator will issue keep the settings on default The only thing we will change is the indicator style simply uncheck everything except the buy and sell labels as you can see the indicator signals are quite accurate in a trending Market however in a Range Market the chandelier exit doesn’t really work so how can we leave the good signals and Cancel the majority of the fake ones that’s where our next indicator comes into play this tool is called the ranging Market Detector by asteroid unicorn the indicator shows a difference between the absolute slope value and its long term average as a histogram when a bar of the histogram is higher than the Threshold level presented by the red line the market is in a trending regime in this regime the background of the indicator is blue when the market is in a Range the indicator background turns red the threshold level helps to control the like the greater it is the more Lagging the indicator will have by default this value is set to negative which means that the indicator switches from range to Trend a little bit earlier than the slope gets higher than the average slope you can’t use the value of 0 or low negative values to find the optimal trade-off between the strength Of the signals they’re like we will change the threshold to 0.2 Also let’s adjust the indicator style change the background color from red TO gray so we do not get confused The Gray Zone will be our node trade Zoom with this indicator we can’t ensure that the fake Signals given by the chandelier exit are eliminated this way we can’t benefit from the indicators accuracy and get the most out of the trading signals let’s take a look at how well the ranging Market detector performs during a market consolidation you can’t see that pretty much all the losing trades were Eliminated as they appeared on a great background however even with these two powerful Tools in place we cannot be fully confident when entering the market the strategy misses 1 a crucial aspect price action if you’ve been trading for a while you know that not taking into account key levels of support and Resistance or supply and demand is a huge mistake for instance the market might be in an uptrend and meet all the criteria of the strategy but if price action shows that the market is near a key resistance level then entering the market might not be a good idea that’s Why we cannot blindly follow these buy and sell signals even if they’re confirmed by the second indicator of course we can’t draw the support and resistance levels manually but this does take some practice if you’re a beginner you can’t take an easier path and add automatic key levels to the Chart there Are many options out there but we do recommend supply and demand visible range indicator by looks algo the supply and demand visible range indicator is a value tool in technical analysis providing Traders with insights into levels where there is a significant balance between buying and selling pressure this imbalance often leads to a Shift in price making these levels important to monitor for potential trading opportunities I did make a video on this fairly recently you can’t check this out in the top right hand corner this indicator visually plots the areas of highest trading activity on a price chart highlighting potential supply and Demand zones these zones are represented by horizontal blocks or zones on the chart when price reaches these zones there is a high probability of a trend reversal the most effective trading strategy with these indicators is to wait for the price to retest a key level A few times then enter the market when a buy or sell signal is issued for example here the price found strong resistance we can’t tell by looking at the past price action the market struggled to break through this price which is a good opportunity to sell the stock the next time it Approaches this level to determine our entry price we will wait for the chandelier exit to issue a sell signal the ranging Market detector must confirm the signal we can see that a blue histogram bar appears at the same time the signal was given this is all that we Need open a short trade at the clues of the price bar and Target two times the risk place the stop loss just above the most recent swing High you can’t even Target the demand Zone if the zone is too far from the entry price be sure to secure some profits by adjusting your Stop loss you should do this once the price starts moving in your favor the next example shows how price finds support by bouncing off this demand Zone there were a few bites before are confirmed by signal was issued this gives us plenty of confidence to open a long position Give this trading strategy a try but don’t forget to back test it first when running the back test on the Bitcoin five minute time frame we did manage to find 43 Triads with a win ratio of 78 percent if you enjoyed the video hit that like button and subscribe to our Channel for more until next time if you would like to get AI to do all the…

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