How To Use Indicators In Day Trading (The Correct Way)
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- Опубліковано 27 жов 2023
- How To Use Indicators In Day Trading (The Correct Way)
Discover the secrets of combining trading indicators to enhance your technical analysis skills. In this video, we expose the most powerful indicators and reveal proven strategies for using them in conjunction to identify high-probability trading opportunities.
Learn how to select and combine the best Tradingview indicators to gain a comprehensive understanding of market trends, momentum, and potential reversals. We'll demonstrate how to create a robust trading system by layering multiple technical indicators and interpreting their signals in context.
Throughout this in-depth guide to trading indicators, we'll cover essential topics such as:
• Understanding the strengths and limitations of popular technical indicators
• Identifying the best Tradingview indicators for different market conditions and timeframes
• Combining trend-following, oscillators, and volume indicators for a holistic market view
• Developing a systematic approach to indicator-based trading strategies
• Optimizing indicator settings and avoiding common pitfalls of over-reliance on indicators
By mastering the art of combining trading indicators, you'll gain a significant edge in your technical analysis approach. Learn how to filter out noise, confirm signals, and make informed trading decisions based on the collective insights of multiple indicators.
Whether you're a beginner looking to build a solid foundation in technical analysis or an experienced trader seeking to refine your indicator-based strategies, this video will provide you with the knowledge and tools needed to take your trading to the next level.
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Since i discovered this TSM channel,,have made significant steps in my trading,,thanks man..may you live long to educate us..nothing but pure ❤❤
My three favorite channels: The Secret Mindset, StockBrotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Are you rich now?
"It's all about honing your own style." Agreed. Use all indicators with one's own intuition.
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yeah, that is a tough one, my style is the scalp, but when I see a great set up because of my scalping habits, I get out of a trend too soon instead of just letting one run… I trade the NQ. futures
I use price action to see how quickly levels may be taken out. I also use the macd, and chaiken money flow to help seeing trends. My volume tool has also been very helpful!
Another great video! ❤
Great stuff always!
Great video. I'm working on finding this balance of price action and indicators too.
I use bollingers set 200 with 3 devistions, VSA, RSI, and a badge calculate the ATR this passed Thur and FRI on NQ ,
ATR WAS 20 on 1 minute First hour, the bands were very expanded .
You deserve more sub, very informative, ❤
Superb ❗️
❤ love your style
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There are also cycle indicators! DPO for example is really good on 1 to 15 min, if you add a sma to it! Both with 14 periods... Tells you a lot!
Can you tell a bit more, i have been trying to look into what you said, so what exactly do you see or when exactly do you enter or what confluence or confirmation you take?
@@mangoh9ify Sure! When the MA is above the DPO line, I consider the cycle bearish. When the MA is under the DPO, cycle is bullish. The distance between them two indicates the strength of the cycle, and the evolution of this strength over time. You can find divergences, for ex, price going down and DPO turning bullish: possible signal of an upcoming reversal. Of course, it's to confirm with other signals, and the price action. I prefer trading in the same direction as the MA, as I find it more reliable. But that depends on market conditions... Also, finding the good timeframe helps keeping you longer in a good trade. So I search for what makes sense, like price mostly going down with the DPO and MA possibly touching sometimes, but not crossing. When the timeframe is good, then a crossing can be an exit point. And when they cross all the time with the MA being horizontal, then I don't trade, too choppy! Hope you find it useful!
What is the name of the cycle indicators that you use on TradingView? Please share
Thanks TSM!
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Thanks
very information video
IF this channel was about entertainment it would be seating at 10 million subscribers but just because it is about valuable information still not 1 million subscribers. I salute whoever is behind the channel, Fake Forex Gurus should have charged us thousands of dollars!! keep up the good work buddy!! as an intermediate Trader I SAULTE MAN.
Appreciate it! 👍👍
I use VWAP + Volume, and RSI.
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Hi I have Joined TSM academy..I m goings through the knowledge videos..but can you please guide which strategy is best for forex trading..
BB,volume, 20 50 200 ema. I’ll sprinkle in RSI MACD to confirm. Same strategy every time always take a trade when parameters are met, always the first thought, never 2nd guess. If I lose it’s cause you aren’t gonna win them all but you can win most.
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Im doing this as well
I use Bollinger's band + RSI + Ichimoku cloud + MACD
i use hma for extra bias confluence, wicks tails and body of candles tells the story, manually identifies fractal swings, entry and exit by identifying candlestick structures not patterns, sl using a fib tool.. my chart looks boring the only aesthetic is the hma.. 😅
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I trade better with indicators. Price Action or SMC doesn't work for me. Don't listen to people who tell you indicators are trash. But make sure all your indicators don't repaint as a fundamental rule
im passing Prop Firm Challenges like it's nothing small profits add up, overtime
What are your favourites? I like scalping and keep jumping from strategy to strategy and I do like indicators.
Tell. Me. More
I’m confused, isn’t trying to predict the market a bad idea? If thats true, how can leading indicator be a good idea?
Good work bro. Which pivots indicator do you use?
Default ones👍
Volume profit, Anchored vwap and rsi and zero lag ema.. simple as... :).
You don't want repainting indicators. I want the closing candle to lock in the information.
Still waiting for the fundamental analysis and how to read news you've mentioned around 1 month before ❤🎩
Still in the making 👍
Eagerly waiting sir
Pubg background music is 🔥
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When will traders realize all indicators are reactionary laggards to level 2 tape? Once you find an indicator that reveals real-time high delta order inflow/outflow you will understand price action. Until then you're just watching delayed reactions to the market using every other indicator.
It will be listed for $5 in 2 months.
🤬this is better than inside trading
Day trading. Loose money in the long term. That's why there are a lot of millionaire investors and a few traders.
Greetings.