I Deleted All Old Indicators After I Found THIS One! It Will Blow Your Mind!

Summary

In this video, the creator reviews over 50 TradingView indicators and highlights five underappreciated, highly effective tools, with a focus on the Trend Filter and Calman Trend Levels indicators. Viewers are guided step-by-step on setting up these indicators, adjusting their inputs and styles, and combining them to form a precise trading strategy. The strategy emphasizes following market trends, using both indicators to confirm buy or sell trades, and applying proper risk-to-reward ratios. Multiple real trade examples are shown on gold charts to demonstrate the strategy’s effectiveness, offering a clear, practical approach to improving trading decisions without conflicting with the market trend.

Takeaways

• 📊 The creator has tested over 50 TradingView indicators and found most of them ineffective, highlighting five that are considered gamechangers.
• 🔍 The video emphasizes the importance of watching the full content without skipping to discover the names and private settings of these indicators.
• 📈 The 'Trend Filter' indicator is introduced as a powerful tool to help navigate the trading market.
• ⚙️ Instructions are provided on how to add and customize the Trend Filter indicator, including adjusting length and style settings.
• 🟢🔴 The Trend Filter indicator uses a two-pole filter line to indicate buy (green) and sell (red) opportunities.
• ➕ The 'Calman Trend Levels' indicator is added to improve trading strategy, with guidance on changing its short and long length settings.
• ✅ The combined strategy uses signals from both indicators: buy when both indicate bullish trends, and sell when both indicate bearish trends.
• 📉 Example trades are demonstrated on gold charts in a 15-minute timeframe, including confirmation using candlestick patterns.
• 🛑 Stop losses and risk-to-reward ratios (1:1.5) are emphasized as part of disciplined trading execution.
• 🎯 The strategy is designed to follow the trend and avoid fighting against it, aiming for consistent profitable trades.
• 📹 The video content is purely informational and should not be taken as financial advice, reinforcing responsible trading practices.
• 👍 Viewers are encouraged to like and subscribe for more trading tips and strategies.

Q & A

What is the primary focus of this video?

The video focuses on introducing and explaining two powerful trading indicators—Trend Filter and Calman Trend Levels—that can significantly enhance trading strategies.

How do you add the Trend Filter indicator on TradingView?

To add the Trend Filter indicator, go to the Indicators tab on TradingView, search for 'Trend Filter,' and add it to your chart.

What are the settings adjustments made to the Trend Filter indicator?

The length of the Trend Filter is adjusted from 20 to 28, and some elements in the Style tab are hidden to improve clarity.

What does the Trend Filter indicator help identify?

The Trend Filter indicator shows a red or green two-pole filter line that helps identify sell or buy signals depending on the price's position relative to the line.

What should you do when the Trend Filter gives a red two-pole filter line?

When the Trend Filter gives a red two-pole filter line, and the market price is below this line, you should consider taking a sell trade.

How do you add the Calman Trend Levels indicator on TradingView?

To add the Calman Trend Levels indicator, go to the Indicators tab, type 'Calman Trend Levels,' and select it from the results.

What settings are adjusted for the Calman Trend Levels indicator?

The Short Length is changed from 50 to 40, and the Long Length is changed from 150 to 80. Other settings remain unchanged.

How does the Calman Trend Levels indicator function?

The Calman Trend Levels indicator provides buy and sell signals based on the market's price movements, helping to identify trends in the market.

What is the key strategy for trading with both the Trend Filter and Calman Trend Levels indicators?

The strategy involves taking a buy trade when both the Trend Filter shows a green line and the Calman Trend Levels provides a buy signal, and taking a sell trade when the Trend Filter shows a red line and the Calman Trend Levels gives a sell signal.

What role does the bearish or bullish candle play in confirming trades?

The presence of a bearish candle for a sell trade and a bullish candle for a buy trade acts as a final confirmation before placing the trade, ensuring the signal is strong.

What is the recommended risk-to-reward ratio for the trades discussed in the video?

The recommended risk-to-reward ratio for both buy and sell trades is 1:1.5, meaning the target is set 1.5 times greater than the stop-loss.

What is the key takeaway from this trading strategy?

The key takeaway is to trade with the trend, using the Trend Filter and Calman Trend Levels indicators to identify and confirm strong buy and sell signals for successful trades.