My Trading Journey
A YouTube video discusses a trading strategy using a buy and sell signal indicator on TradingView, along with three other indicators. It is effective on longer time frames for forex and cryptocurrency trading. The strategy involves waiting for the Super Trend, Hull Suite, and Duncan Trend Ribbon to align with a buy or sell signal before entering a trade, and setting stop-losses based on support or resistance levels. Examples using Bitcoin are also shown. The video includes a disclaimer that the creator is not a financial advisor and this is not financial advice.
The Ultimate Trading View Buy Sell Signal Indicator: How to Use It and Crush the Markets
Introduction
Are you tired of guessing when to enter and exit your trades? Do you want to increase your profits and minimize your losses? If so, then you’re in luck because in today’s video, I’m going to show you one of the best trading view indicators that will give you actual buy and sell signals. Plus, I’ll be sharing with you a great trading strategy that works on Forex and crypto.
Setting Up The Indicators
To begin, go to tradingview.com and add three different indicators: The Whole Suite, the Donkey Dunkin Done Trend Ribbon, and the Super Trend.
To modify The Whole Suite, change the length from 55 to 60, the length multiplier from 1 to 3, and the line thickness from 1 to 15. For the Donkey Dunkin Done Trend Ribbon, change the channel period from 20 to 30. Lastly, for the Super Trend, change the ATR from 10 to 50 and the ATR multiplier to 5.1.
Once you’ve made these changes, your charts are set up and ready to use for the next steps.
The Strategy
This strategy works best on longer time frames because there’s less noise. I typically use this indicator on the one-day time frame, but you can try it on lower time frames as well. Keep in mind that you may get more false signals on the lower time frames.
To find buy opportunities, wait until the Super Trend changes to a buy signal. Once this happens, confirm that The Whole Suite and the Donkey Dunkin Done Trend Ribbon are green as well. Then, enter on the very next candle after the confirmation.
For your stop-loss and take-profit levels, it ultimately depends on your risk tolerance. For this strategy, I suggest putting your stop-loss under the support or resistance where you feel comfortable at the last point.
When looking to sell, wait until the Super Trend turns red. Once this happens, confirm that The Whole Suite and the Donkey Dunkin Done Trend Ribbon are red as well. Then, enter on the very next candle after the confirmation.
Examples
Let’s look at some examples using Forex and crypto.
For a Forex example, when the Super Trend changed to a buy signal, The Whole Suite and the Donkey Dunkin Done Trend Ribbon were green as well. You would have entered on the next candle and placed your stop-loss under the last low. In this example, it would have been a great trade.
When looking to sell, wait for the Super Trend to turn red and confirm that The Whole Suite and the Donkey Dunkin Done Trend Ribbon are red as well. In this example, it would have been a profitable trade.
When looking at a crypto example, wait until the Super Trend changes to a buy signal, and confirm that The Whole Suite and the Donkey Dunkin Done Trend Ribbon are green as well. You then enter on the next candle and place your stop-loss under the last low. In this example, it would have been an awesome trade.
Conclusion
Using this trading view buy sell signal indicator along with this strategy can really help improve your trading skills and increase your profits. Remember to stick to longer time frames for less noise and confirm all indicators before entering a trade. Happy trading!
