Best AI TradingView Indicator in 2024 | 100% Winning Strategy 🔥

Summary

This 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.