TradeIQ
This video covers five indicators that are better than a regular moving average, with the potential to increase win rates up to 50%. The indicators covered are the cm ultimate ma multi-time frame indicator, zero lag sma, vidya, whole sweet, and one other indicator not mentioned in the summary. The video explains how to use each indicator and offers suggestions on how to customize the settings for maximum profits. The video recommends using multiple indicators and confirms trades through a second confirmation indicator.
Five Powerful Indicators That Are Better Than a Regular Moving Average
Introduction
As traders, we often rely on moving averages to identify potential trends and trade entry points. However, these indicators can sometimes result in false signals and losses. In this article, we’ll explore five powerful indicators that can increase the win rate of any trading strategy by up to 50%.
Indicator 1: The CM Ultimate MA Multi-Time Frame Indicator by Chris Moody
The CM Ultimate MA Multi-Time Frame Indicator by Chris Moody is a colored moving average that changes color depending on the direction of the price. Unlike regular moving averages that can result in false breakouts, this indicator filters out potential losses and ensures you enter a trade at the right price. It provides customization options to plot the second moving average, customize the chart’s time frame, and plot highlight bars when the price crosses the first or second MA.
Indicator 2: Zerolag SMA by Verified
The Zerolag SMA by Verified gives an instant linear regression of the current price action. It can be used as a confirmation indicator, a baseline for entering long or short trades, and as an exit indicator. It provides accurate exit signals before the price hits the trailing stop loss.
Indicator 3: VIDYA by Everget
VIDYA or Variable Index Dynamic Average by Everget is an original method of calculating the exponential moving average with a dynamically changing period of averaging. The period of averaging depends on the market volatility, making it an effective tool to identify and trade trends. It changes color every time the candlestick crosses and closes above or below it.
Indicator 4: Hull Moving Average (HMA) by In Silico
The Hull Moving Average is an extremely fast moving average that eliminates lag altogether and improves smoothing at the same time. It generates trading signals whenever the HMA crosses above or below its path to candle value. Adjusting its length, whole variation, and length multiplier can increase its accuracy.
Indicator 5: Relative Vigor Index
The Relative Vigor Index compares the closing price to the trading range over a given time frame. It should be used in conjunction with other indicators, such as moving averages, to identify potential trade entries. It provides accurate signals for trend following and reversal trading.
Conclusion
While moving averages are a popular tool among traders, they can sometimes result in false signals and losses. Using the five indicators outlined in this article can improve the accuracy of your trading strategy and increase your win rate by up to 50%. Experiment with the customization options to find the best settings for your trading style.
