Trade Hero
Successful traders follow trends, which eventually reverse. A hidden Trading View indicator, Redk everex, can anticipate reversals and generate high profits for beginners. The indicator combines price action and relative volume and is not a simple RSI or macd strategy. Buyers should wait for both lines to dip below -50 and the white line to cross the orange line upward. Sellers should wait for both lines to rise above 50 and the orange line to cross the white line downward. To avoid false signals, traders should consider volume levels and ensure that the lines cross above or below 50 levels. Traders can skillfully handle trades without losing by adopting a dynamic approach. They should execute trades when the lines cross and wait for the target to hit 100 points or close the trades with small profit or micro loss. Refining the approach by experimenting with different settings in at least 100 demo trades can maximize profits.
Maximizing Profits with a Hidden Indicator on Trading View
Introduction: Following the Trend and Anticipating Reversals
Many successful traders rely on following the trend to maximize their profits. However, it’s important to note that trends don’t last forever. Just like Newton’s law states that every action has an equal and opposite reaction, every trend eventually has a reversal. Experienced traders possess the confidence to identify these reversals using price action and reversal patterns with their knowledge over time.
A Hidden Indicator for Anticipating Reversals
What if we told you there’s a hidden indicator on Trading View that can anticipate reversals before they occur? When combined with our strategy, this indicator can yield mind-blowing results that even the most seasoned traders would find impressive. The best part is beginners can use this indicator without any prior experience. When implemented correctly, it has the potential to generate substantial gains in the market.
Understanding Redk Everex
The Redk Everex is an indicator that utilizes volume price analysis principles to analyze the relative volume and associated price action for each bar represented by a 100 by 100 oscillator. In simpler terms, it combines price action and relative volume to provide an accurate representation of the trend with reversals.
Configuring the Indicator Settings
To configure the indicator settings, leave the length at 10 and change the moving average MA type from WMA to EMA. Keep all the other settings unchanged, save the settings, and allow the indicator to reload itself. Once the indicator has reloaded on the right scale, place your cursor at the 50 level and click the plus button to draw a horizontal line at that level. Repeat the same process for the minus 50 level by placing the cursor on the scale and pressing the plus button.
Opening Trades Using the Indicator
To initiate buy trades, we need to focus on the minus 50 level for an entry. Wait for both lines to dip below the minus 50 level. Once both lines are below -50, patiently observe the white line crossing the orange line in an upward direction. This cross serves as a clear indication of an ideal bullish trend reversal condition.
For sell trades, wait for both lines to rise above the 50 level. Keep an eye on the orange line crossing the white line in a downward direction. This will signal a bearish trend reversal.
Avoiding False Signal Entries and Improving Accuracy
To avoid false signal entries and improve accuracy up to 95 percent, it’s important to consider the importance of volumes. For a buy setup, ensure there is a high volume level in the market. You can check this by observing the colored bars on the indicator. The highlighted green color represents high volume. For sell trades, check for an orange highlight in the volume, which signifies a perfect selling condition to initiate a trade.
It is very important that the lines cross each other above the marked 50 levels. If the lines cross inside these levels, we will not consider those trades.
Effective Trade Management
Executing a trade is just the beginning. The real magic lies in effectively managing it to extract maximum profit while minimizing risks. We won’t use a fixed risk-reward ratio because we’re adopting a dynamic approach that aligns with market conditions. Our target is a 100 point profit, but we won’t hold on blindly. Instead, we’ll stay open for potential market reversal signals.
For buy trades, we exit the trade confidently when the market starts showing movement in our favor and we hit our 100 point profit target effortlessly. For sell trades, we exit the trade when the indicator lines cross in the opposite direction signaling a potential reversal.
Try the Strategy on Demo Trades
To truly master this strategy and maximize profits, we recommend trying it out on at least 100 demo trades. This will allow you to refine your approach and gain confidence before diving into real money trading. Experiment with different settings and find the perfect match for your unique trading style.
Conclusion: Your Future is in Your Hands
Follow the step-by-step instructions explained in the video and watch it again to fully grasp the strategy. For more incredible indicators and money-making strategies, make sure to subscribe to our channel and turn on the bell icon. Your dedication and hard work toward trading will pay off one day. Keep pushing your limits and we look forward to seeing you in our upcoming videos.
