Best AI TradingView Indicator in 2024 | 100% Winning Strategy 🔥
Summary
TLDRThis video introduces a machine learning-based trading strategy using the 'Multiple Logistic Regression' indicator in TradingView. It combines various indicators to predict market trends and identifies buy/sell signals. To filter false signals, the 'Andian Oscillator' is used for confirmation. The strategy is enhanced by a volume profile indicator, 'Wada ATA Explosion V2', to ensure high volume support for trades. The video promises to help traders become profitable and pass prop firm evaluations with this comprehensive approach.
Takeaways
- 📈 The video introduces a machine learning trading indicator that aims to improve profitability and pass prop firm evaluations.
- 🔍 The indicator uses multiple logistic regression, combining data from various indicators such as RSI, CCI, DMI, and Super Trend.
- ⚙️ It employs machine learning and AI to predict market trends, volume, and money flow for optimal trading performance.
- 📊 The indicator is best used on a 5-minute time frame for any 4X currency pair.
- 📝 The indicator displays logistic regression values with numbers greater than 0.5 indicating positive signals and less than 0.5 indicating negative signals.
- 🛑 To avoid false signals, especially in flat market conditions, the video suggests using a filter indicator for confirmation.
- 🔄 The Andian Oscillator is recommended as a filter to pinpoint trade entries and confirm signals.
- 💰 The strategy involves setting stop loss at the most recent swing low and taking profit at 1.5 times the risk.
- ❌ Ignore signals when the Andian Oscillator's line is not above the orange line or confirmation does not occur within three candles.
- 📊 An additional volume profile indicator, Wada ATA Explosion V2, is suggested to further filter trades and boost profitability.
- 📈 Entry into a trade is confirmed when there is a high volume activity indicated by the green or red bar above the orange line in the Wada ATA indicator.
- 👍 The video encourages viewers to subscribe and like for more trading strategies and tips.
Q & A
What is the main purpose of the video?
-The video aims to introduce a machine learning trading indicator that can help viewers become profitable in trading and pass their prop firm evaluation.
Which indicator does the video recommend for trading on TradingView?
-The video recommends using the 'Machine Learning Multiple Logistic Regression' indicator.
What other indicators does the 'Machine Learning Multiple Logistic Regression' indicator combine data from?
-It combines data from indicators such as RSI, CCI, DMI, Super Trend, and others.
What is the suggested time frame for using this indicator?
-The 5-minute time frame on any 4X pair is recommended for optimal performance.
What does the logistic regression line represent in the indicator?
-The logistic regression line represents buy and sell signals, switching between green and red, with green representing buy signals and red representing sell signals.
What is the significance of the numbers above and below the price in the indicator?
-The numbers represent logistic regression values, with values greater than 0.5 indicating positive signals and less than 0.5 indicating negative signals.
Which additional indicator is suggested to filter out false signals?
-The 'Andian Oscillator' is suggested as an additional filter to confirm the right signals to take.
What is the recommended approach for setting stop loss and take profit in this strategy?
-Set the stop loss at the most recent swing low and take profit at a level 1.5 times the risk.
What is the 'Wada ATA Explosion V2' indicator used for in this strategy?
-The 'Wada ATA Explosion V2' indicator is used to confirm trade signals by checking for high volume activity.
How does the video suggest traders should handle signals without confirmation from the Andian Oscillator?
-Traders should ignore signals that do not have crossing confirmation from the Andian Oscillator or that do not occur within three candles after the signals were generated.
What is the potential monthly income if a trader makes 1% on a $200,000 account each week?
-A trader could potentially make between $7,000 to $8,000 each month.
What should a trader do if the Andian Oscillator's line is close to crossing the Orange Line at the time of the signal?
-The trader can wait for the next three to five candles for the crossing to happen and then enter the trade if it occurs.
How does the volume profile indicator help in confirming trade signals?
-The volume profile indicator helps by confirming high volume activity, which validates the trade signals and minimizes risks.
Outlines
🤖 Machine Learning Trading Strategy Introduction
This paragraph introduces a machine learning-based trading indicator for TradingView, designed to enhance profitability and assist in passing proprietary firm evaluations. The presenter encourages viewers to watch the entire video for trade examples and a bonus indicator reveal. The indicator combines various data from other indicators like RSI, CCI, DMI, and more, using AI to predict market trends. It is used on a 5-minute time frame for any 4X pair, with logistic regression values indicating the strength of signals. The video also mentions a premium confirmation indicator, Andian Oscillator, to filter out false signals and improve trade entry pinpointing. Additionally, viewers are invited to sign up for Fundy Trading, which offers a $200,000 trading account with minimal personal risk.
📈 Advanced Trading Strategy with Volume Profile
The second paragraph delves into the specifics of the trading strategy, explaining how to execute trades based on the machine learning indicator and Andian Oscillator signals. It emphasizes the importance of confirming signals with volume activity using the Wada ATA Explosion V2 indicator. The strategy involves entering trades when specific conditions are met, such as the green line crossing the orange line within three candles of a buy signal, and setting stop losses and take profits based on risk. The paragraph also discusses avoiding certain signals that lack confirmation or occur in clusters, and highlights the benefits of using volume profiling for minimizing risk and maximizing profitability. The video concludes by encouraging viewers to like the video and watch the next one, which promises to reveal a powerful trend-based indicator with multiple features for optimal trade entry signals.
Mindmap
Keywords
💡Machine Learning
💡Trading View
💡Indicator
💡Logistic Regression
💡RSI (Relative Strength Index)
💡CCI (Commodity Channel Index)
💡DMI (Directional Movement Index)
💡Andian Oscillator
💡Volume Profile
💡Prop Firm Evaluation
💡Stop Loss
💡Take Profit
Highlights
Introduction to a powerful machine learning trading view indicator for profitability and passing prop firm evaluations.
The indicator combines data from various indicators like RSI, CCI, DMI, and Super Trend to generate signals using machine learning and artificial intelligence.
Optimal performance is achieved by selecting the 5-minute time frame on any 4X pair.
Logistic regression values are used to determine buy and sell signals, with values above 0.5 being positive and below 0.5 negative.
Instructions on how to clear the chart by removing labels for better visualization.
The importance of avoiding false signals in flat market conditions by using a filter indicator.
Introduction of the Andian Oscillator as a premium confirmation indicator for pinpointing trade entries.
Criteria for a valid buy signal: Green triangle from the machine learning indicator and the green line of the Andian Oscillator above the orange line.
Setting stop loss at the most recent swing low and taking profit at 1.5 times the risk for trades.
Ignoring trades without crossing confirmation from the Andian Oscillator or within three candles after the signal.
The use of a volume profile to further confirm trade signals and its importance in passing prop firm evaluations.
Promotion of Fundy Trading for trading with up to $200,000 without risking your own capital.
Introduction of Wada ATA Explosion V2 as a secret volume indicator for further filtering trades and boosting profitability.
Instructions on confirming high volume activity with the Water ATA indicator for valid buy and sell signals.
Minimizing risks and entering the best trades by confirming signals with volume indicators.
The potential for passing prop firm evaluations swiftly with the presented strategy.
Encouragement to like the video and watch the next one for more powerful trend-based indicators.
Transcripts
today I want to introduce you to a
powerful machine learning trading view
indicator that can help you become
incredibly profitable and pass your prop
firm evaluation just make sure you watch
this video to the end because I will
show you some trade examples using this
strategy and I will also reveal a bonus
indicator that will take this strategy
to the next level excited hit that like
And subscribe button and let's get
started now in trading view head up to
the indicator Tab and search for machine
learning multiple logistic regression
indicator and add it to your chart this
amazing indicator combines data from
indicators such as the RSI CCI DMI super
Trend and some others to generate the
best signals it does this by using
machine learning and artificial
intelligence to help Traders better
predict market trends volume and money
flow for Optimal Performance select the
5minute time frame on any 4X pair when
you look closely you see this indicator
consists of some numbers the numbers
above and below the price are logistic
regression values values greater than
0.5 are positive while those less than
0.5 are negative let's remove them to
make our chart clearer head to the style
Tab and untick the labels box also you
will see a line that switches between
green and red this is the logistic
regression line and within this line are
Buy cell signals represented by green
and red triangles we won't be entering
all the signals as there are many false
signals especially in flat market
conditions So to avoid this we will be
adding another excellent filter
indicator that will confirm conf irm the
right signals to take now just before we
add this premium confirmation indicator
to strengthen our strategy if you want
to trade with $200,000 and keep up to
95% of the profits without risking your
own Capital sign up here at Fundy
trading which is launching very soon so
for confirmation go to the indicator tab
search for andian oscillator and add it
to your chart this is an excellent
indicator that will pinpoint our trade
entries now let's see how we can trade
this strategy we buy when the machine
learning indicator gives a green
triangle and the green line of the
andian oscillator is above the Orange
Line we then set our stop loss at the
most recent swing low and take profit at
a level 1.5 times our
risk conversely we sell when there is a
red triangle signal that coincides with
the red line of the andan oscillator
above the Orange
[Music]
Line in a situation when we have our
signal for a buy or sell but the red or
green line is not above the Orange Line
we ignore such trades if at the time of
the signal the lines are close to
crossing the Orange Line you can wait
for the next three to five candles for
such Crossing and then enter the trade
if it
happens so for this trade we buy because
there is a Buy Signal from the machine
learning indicator and the green line
crosses the orange line of the andian
oscillator within three candles set our
stop loss at the recent swing low and
take profit at 1.5 times our
[Music]
risk here we have a group of byell
signals that we avoid because there are
no Crossing confirmation from the andian
oscillator nor do they happen within
three candles after the signals were
generated however the very next trade
after this cluster is a valid Buy Signal
because we have a Green Line crossing
the orange line of the andian oscillator
within three candles so we place our
stop loss at the nearest swing low and
take profit at a level at least 1.5
times our
risk now to take this strategy to the
next level let's add one of my favorite
indicators which is a volume profile
that will confirm our trade signals
essential to passing prop firm
evaluations as just making 1% on a
$200,000 account each week means you'll
make7 to $8,000 each month if you want
to trade on a $200,000 account without
risking your own money in the process
sign up at fund your trading with a link
in the description now here is a secret
volume indicator I use that will further
filter the wrong trades and tremendously
boost your profitability search for wada
ATA explosion V2 and add it to your
chart now head into the settings and in
the style tab reduce the color zero
opacity of both uptrend and downtrend to
zero for our trades after we have been
cleared to enter by the machine learning
and andian oscillator we further filter
it and check for high volume activity
with the water atar indicator so for a
Buy Signal we check if the green bar is
above the orange line which means we
have volume on our side and then we can
enter the
trade similarly for a set the Red Bar
must be above the Orange
[Music]
[Applause]
[Music]
Line this way we can minimize our risks
and enter the very best of Trades so for
this trade the cell signal is valid as
the red line of andian oscillator is
above the orange line now we confirm if
we have a high volume with water ATA the
red bar is above the Orange Line showing
there is a high volume to take the price
down validating our signal you can see
the trade went down for a reward of more
than twice our risk if you stick to this
approach you will be in a better
position to swiftly pass your prop firm
evaluation with this amazing strategy if
you like this video do give it a thumbs
up and you can watch this next video to
see an incredibly powerful trend-based
indicator with multiple built-in
features that provide the best entry
signals for trades good luck Traders
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