FREE, But It Can Make You MILLIONS! [Best Buy Sell Signal Indicator Ever]

in this video we will be discussing a super powerful Buy cell indicator called mobile bands or momentum breakout bands we will also combine it with other confirmation indicators to create a powerful momentum pullback and breakout strategy that can be used for maximum profitability well enough talk let's get into it the mobile bands indicator is a modified version of the popular Bollinger Bands indicator it has an adjusted standard deviation and can be used to identify potential buying and selling opportunities in the market despite its scary predictiveness of the market the mobile bands indicator is available for free on tradingview to add a charge we're going to click on indicators then type in Mobile bands and select this one by Barrett Denning now looking at this indicator you can see that it's very similar to the famous Bollinger Bands indicator only difference being that this one resides on this bottom window instead of being overlaid on the chart these bands are just Balinger bands but with an adjusted standard deviation this Top Line represents the upper Bollinger band this bottom line represents the lower Bollinger band and this line in the center represents the middle band of the Bollinger Bands indicator this yellow line is a momentum oscillator and it's going to be used to identify when the price breaks above or below the mobile bands this white line is the zero line and it represents the center of the mobile bands indicator now these bands suggest that all markets have periods of consolidations and when the price is inside the bands the market is considered to have no Trend the bands create a channel around the price and when the price moves above or below the channel That is considered a momentum breakout this yellow line is the one that's going to be used to identify when the price moves above or below the channel for our strategy we're not going to be needing this zero line so let's access the settings and hide it [Music] then on the inputs tab change the price source to close and then click ok no how are we going to be using this indicator to trade well when the price has a momentum breakout above the bands indicated by this Yellow Line crossing the bands upwards that is considered a Buy Signal indicating that the price may continue to move upwards conversely when there is a momentum breakout below the bands indicated by this Yellow Line crossing the bands downwards that is considered a cell signal indicating that the price may continue to move downwards now let's add one more confirmation indicator to the chart to make our strategy even better click on indicators then type in SSL hybrid select this one by mecco then we're going to change the settings to do that just click here on the inputs tab change the Baseline type to Ema and then change the Baseline length to 30. then on the style tab uncheck everything except for this ma Baseline option here you can modify the colors of the ma Baseline I like to change color 1 to green and color 2 to Red we're going to be using this AMA Baseline as our Trend filter to ensure that we're only trading in the direction of the predominant Trend now let's explore the conditions needed for entering trades with this strategy but before that what broker do you guys use to trade personally I use hanger trade as you can see here this is my trading history I mainly sculpt gold and up here you can see that it's a live account the reason why I love hanger trade so much is because of their extremely low commissions and spreads on Forex for example the spreads can go as low as 0.0 Pips which is the lowest it can go for those of you that love High leverage and good trade offers up to 500x leverage which basically means that my thousand dollar deposit could have the buying power of 500 000 which is really insane and if that's not enough they're also going to give you a 100 bonus for all your deposits up to twenty five thousand dollars so if you deposit say five hundred dollars they're gonna give you a bonus of five hundred dollars so you'll have a thousand dollars to trade with to get access to the bonus as well as all the other perks sign up to hang or trade using the link in the description of this video now back to the video to enter a long trade these are the conditions first the market should be trading above the ma Baseline to indicate that it's in a bullish trend second the price must pull back and touch the ma Baseline without breaking and closing below the Baseline if it breaks and closes below the ma Baseline like it did right here we simply skip that setup after the pullback we want the next signal on the mobile bands indicator to be a Buy Signal this basically indicates that the market is having a momentum breakout above the Bollinger Bands and therefore a higher probability of an upward move if the next signal after the pullback happens to be a cell signal we will have to skip that setup altogether we're gonna enter a long trade here so now stop loss below the most recent swing low which is the lowest price point reached by the last 5 to 10 candles and for the tech profit we're gonna set it at two times the risk we let this trade run and take profit now here is an example where you wouldn't have taken the trade as we can see here the market was trading above the ma Baseline indicating that it's in a bullish Trend then the price pulled back to the EMA Baseline and the mobile bands indicator printed a Buy Signal after the pullback all the entry conditions are met on this candle except for the fact that the price broke and closed below the ma Baseline during this pullback this basically invalidates this entire setup so we shouldn't take this trade but wait a minute what if we just took the trade well let's find out oh [Music] foreign as you can see the price barely went into any profit before reversing and heading straight for a stop loss level if you like this video so far take a second and hit that like button below because by doing that you're really motivating us to keep creating these free and value-packed videos for you guys so please do that now to enter a short trade we basically just have to do the opposite of everything we did for long trades here's what I mean first the market should be trading below the ma Baseline to indicate that it's in a bearish trend second the price must pull back and touch the ma Baseline without breaking and closing above the Baseline if it breaks and closes above the ma Baseline like it did right here we simply skip this setup after the pullback we want the next signal on the mobile bands indicator to be a cell signal this basically indicates that the market is having a momentum breakout below the Bollinger Bands and therefore a higher probability of a downward move if the next signal after the pullback happens to be a Buy Signal we will have to skip that setup altogether we're gonna enter a short trade here set our stop loss above the most recent swing High which is the highest price point reached by the last 5 to 10 candles and for the take profit we're gonna set it at two times the risk we let this trade run and it hit stack profit this is just one of the many strategies that you can use with the mobile bands indicator you can even use it alongside price action or support and resistance or smart money Concepts the opportunities are endless the goal of my YouTube channel is to just give you the basic ideas of trading strategies in form of indicator combinations upon which you can find the inspiration to create your own profitable trading systems so if you're looking for batch indicator you know the one that will be the greatest addition ever to your strategy hit the like button below and consider subscribing to stay tuned thanks for watching and I'll see you guys next time [Music]

Channel: PineTrades

Views: 37,985

Keywords: scalping trading strategy, forex trading, trading forex, forex, crypto trading, trading strategy, investing, day trading, swing trading, profitable trading strategy, best scalping trading strategy, forex scalping strategy, best scalping strategy forex, Profitable Buy Sell Indicator, buy sell indicator tradingview, hankotrade, mobo bands indicator, bollinger bands support and resistance, bollinger bands

Id: BkLjCGTuFug

Length: 8min 29sec (509 seconds)

Published: Thu Mar 02 2023