SECRET TradingView BEST Indicators for DAY TRADING gets 98.1% WIN RATE [DAY TRADING STRATEGIES]

what's going on everyone in this video i am going to show you guys the best trading view indicators for day trading that have an insane win rate which i'll show you of course with examples too uh and now i know what you're thinking there's no such thing as a perfect indicator but trust me these ones come really close and no one knows about these all right i'll show you guys when i add these not a lot of people know about these all right so if you're looking to up your game and day trading then you don't want to miss this day trading strategies videos again nothing in this video is financial advice that's all for informational purposes only let's get it going all right so first you're gonna go into tradingview.com um and i've got a link down in in my in the description for trading view as well if you guys don't have it you can use it for free it's awesome um let me x out of all of this stuff so you guys know exactly what your chart is gonna look like what you're gonna do so we're gonna set up two indicators but first we're gonna do this on the 15 minute time frame and you're going to be using high kanashii candles all right so once you've changed your candles and you've got the time frame going click on indicator the first one we're going to add so remember the qqe mod that we used to use that so many people know about guess what yeah we're not using that one we're using the qqe threshold all right the one by jose 5770 all right see how low that number is not a lot of people know about this one we're gonna add that and we're gonna make some changes to the settings right so go over here click on that little cog looking thing that's settings go into settings the first thing we're going to do is in inputs we're going to change the rsi length from 14 to we're going to change it to three all right now we're going to go into style and in style we're going to uncheck a couple of things we're going to uncheck the bar color actually you know what we're going to keep the bar color or let's let's keep the bar color we're just going to uncheck the plotting not that plotting these two lines for the plots we're going to uncheck that and then we're going to uncheck the levels because we don't need those and we will uncheck the h lines background so this is what it's going to look like once you're done and we are we're going to keep the bar color let's let's do that so now that the qqe threshold is set we're going to add one more indicator and this one is called the extreme trend all right by gyoti all right again super low number not a lot of people know about this one we're going to make some changes to this too and i have no idea why the author of this made these lines yellow and blue so we're going to go into settings and i'm going to chain i'm going to first of all i'm going to get rid of the shapes don't need that and for the lines the blue lines that are supposed to be bullish i'm going to turn those to green and then the yellow lines which are supposed to be bearish we're going to turn to red and then click ok because the part of the strategy it's it's about using the red candles the red uh histogram and then the red line so it's like it doesn't make sense to use those other colors on here but you guys can choose whatever colors you want this is just what i like to use so i've got these on here okay now what exactly is the strategy right so this works with forex crypto stocks options indexes indices it works with everything right but for this example i'm going to show it to you guys on the euro jpy again 15 minute time chart great for day trading right it's a great day trading strategy so step number one the price has to be above this x-trend line rule number two actually you know what i've been doing this and i think people have really liked it so i'm gonna start i'm gonna show you guys notes on here so this way you guys can take notes as well so if we're going long position rule number one price above the x trend all right so price has to be above the x trend rule number two tqe histogram green bar all right the bar has to be green right here number three the bar color of the high kanashii candle needs to be green right and if all of those meet the criteria that's going to be your trigger candle this will become the candle that you'll enter the trade on and you guys know high kanashii candles usually averages out the last you know the last couple of candles or so so when we when we look at the stuff we're going to basically look to look towards the middle of the candle right when we look at examples later on so that's going to be the uh the strategy or at least the rules for the strategy now where are you gonna set the take profit and stop-loss on these so what i like to do on this and i like to i like to do the stop-loss right below the latest uh swing low right right below this latest swing low and you're going to take profit when the qe histogram shows a red bar okay so let's add that to the notes too stop loss below latest swing low take profit uh qqe histogram red bar all right so let's let's take a look let's take a look at something like this right um actually so that's that's a long position let me show you guys the strategy for the short position which is going to be the exact opposite and then i'll show you guys some examples so let's let's take this and then let's create another text right here all right and this is great because on this particular chart you can look at both both of these together so price has to be below the x trend qqe histogram you need you need a red bar okay red bars red bars right then you need a red candle so the high kanashii bars you need to they need to be green not yellow they need to be red i mean on on the short positions they need to be red none of this yellow stuff right red candle stop loss above recent swing high take profit qqe histogram green bar right here you go you guys can take some notes on that stuff so now before we get into some examples i'm going to show you guys some examples next but before we get into that if you guys are finding this useful please hit that like button and write nice in the comments below and youtube has recently added a thanks button so if you guys want to say just say thanks or show your support for this video please hit that thanks button too i'd really appreciate that earlier supports the channel and while you're doing that don't forget to subscribe to my youtube channel and hit the bell so you don't miss out on any more future videos to help you become a more profitable trader all right so now let's look at some examples so on here we're gonna so this is a great short example this is a great buy example and i'll show you guys a couple more all right so you because i know there are going to be some trolls making some comments about oh my god just because you show two examples doesn't mean this has such a high win rate go back to yourself man come on um so here so for a short position right here this is where you would get in because this would be where it all lines up you want to wait for that candle to close you get in right here in the middle you can put the stop loss right above the swing high because it's a short position and you're gonna get stay in this trade until the qqe histogram bar shows green so let's let's take this all the way up to here right that's where you would get out and because the high kanashii candles averages stuff out we're just going to do the middle of the candle right so something like this would have been a risk reward ratio on something like this would have been 1 to 5.3 5x 5x the the risk amount right that's a good trade you're gonna be like oh my god let's let's look at some more so here right so here's here's here's another entry right here this would be the candle that initiates it this would be this would be the trigger candle this is where you would get in right long position right here because it's all green price action is above the green line for the x trend candle is green histogram is green let's go you're gonna put your stop loss right below the recent swing low which would be right here and you'd get out of this trade when it turns red that's still a risk ratio of 1 to 1.32 still a profitable trade and now this is where let's see i mean we could get into this rate again because you you got out right here right you got out right here you could get back in this initiates it this would be the trigger this would be the trigger candle because the price action is right above is very light you could even skip that right and if you wanted to be super safe wait to get in even on this candle right because now the price action really is above the x trend so if you did that right here even say you got in right here right and you would keep going until this candle right here where the qqe would go into which show red bar right here and the latest swing low would be right here as a stop loss because here's the latest swing low right so you could even give it some extra breathing room right and even with that the risk reward ratio on this is one to one 3.67 that's ridiculous now let's go back and see if there's any other opportunities right here okay so here's something uh price action above above the x trend this would be the trigger candle you'd enter the trade right here right and do it in the middle swing low and right below the swing low you could just do that right and you'd get stay into this trade until about this right here until this candle so even if you got that it's still almost one to one it's one to one point to 0.88 it's still a profitable trade so again this this particular strategy it has a lot of um it's it's a it's a high probability trade setup right some of the profits if you keep letting it run you know they add up to quite a bit stop you know when the stop losses if if and when they get hit they're pretty small but uh even with profitable trades a little bit of profit is still better than a loss right so even if if some sometimes you get a little bit of profit it's still good so yeah these are the rules this is a strategy hope you guys enjoyed that if you want to follow my free weekly trades on telegram or get full access to all my trades on my patreon just click on the links in the description below and here's here's one of the recent trades that i put on my teller on my patreon actually uh had i had a pretty good return fairly quickly so now yeah and now go ahead click on one of my other videos to learn some more awesome trading strategies and day trading strategies uh using some of the best indicators on trading view and i will see you on the next one

Channel: My Trading Journey

Views: 430,471

Keywords: tradingview best indicators, tradingview, best tradingview indicator, day trading, day trading strategies, day trading for beginners, day trading strategy, day trading addict, day trading stocks, how to day trade, day trade like a pro, day trading system, best tradingview strategy, best tradingview buy sell indicator, high win rate trading strategy, best tradingview indicators for day trading, tradingview best indicators for day trading, tradingview indicators

Id: EnKHScYyOIA

Length: 13min 48sec (828 seconds)

Published: Fri Jun 17 2022