The Ultimate Trading Indicators Course (4 Powerful Trading Techniques)


hey hey what’s up my friend so welcome to the ultimate trading indicators course right this is the cost right there we’ll share with you four powerful trading indicators that you can use to profit in the financial markets whether you’re trading Forex stocks futures and etc the concepts right can be applied the same so are you ready then let’s begin so the first indicator I want to share with you is moving average so what is a moving average indicator so moving average right is pretty much an indicator that summarizes past prices right so sometimes when the price section in the market is choppy right it goes up and down right what a moving average does is that it smoothes out the past prices okay so for example let me share with you how this number is actually derived right so let’s say a 20-period moving average what it does is that it takes the value the adds up all the value value over the last 20 candles right so let’s say the value is 200 okay over the last 20 candles and you divide it by 20 because you are using the 20-period moving average so what you get is a value of 10 so this value of 10 will be plot on your chart as one particular let’s say one just one dot over here okay and let’s see now a mixed candle is form so when this next candle its form right the indicator will look back again over the last 20 candles let’s say this time around the last 20 candles the total value is let’s say 240 right 240 and again you divide by 20 because it’s a 20-period moving average and let’s say now your value you get is 12 okay so now it will be plot right as another dot on your chart in this time around at the price level called 12th so you keep doing this right as the new boss keep unfolding itself and you what you get is a line right the indicator will connect the dots and you get a pretty much aligned on your chart and that’s how a moving average is being calculated right there are different ways to calculate it whether your new simple moving average exponential waiter can use a high low close etc doesn’t matter but this is the concept right behind the moving average although there are different variations to it so moving on right this is the moving average that you can see over here this black line is the 200 period moving average so how not to treat the moving every this is important right it’s important to know how to treat an indicator and also how not to treat it or rather when not to treat it so for this right moving everything right often your senior traders would say hey you know the 20-period moving average cross above the 50 writes by signal go along right there Jay look you can capture this this wave this train over here right look how profitable you know moving average crossover is right because what they don’t show you is that when the market trends you’re gonna get a whipsaw right D the air market is in in a range right the crossover goes up and down and you can see that you know you’re just getting whipsawed or getting chopped up in this type of market condition and as you know right the market tends to be in a range more than a trend so if you are trading moving average crossover from a discretionary point of view as a discretionary trader I don’t suggest it right because you tend to lose money in the long run however if you are a systematic trader right applying a trend following approach this can work right but I think for most of you watching this video video here you’re probably a discretionary trader and this is an approach right I won’t suggest so how then right do you trade with the moving average right there are few ways you can do it number one is a trend filter all right so what is a trend filter so often I get traders asking me hey right now you know should I be buying or should I be selling right so what you can do is that you can use the moving average as a trend filter it tells you whether you should be buying or selling so you can see this over here right this black line is the 200 period moving average doesn’t matter whether you’re using exponential simple way that doesn’t matter is the concept is what matters right so right now as you can see the price is above the 200 period moving average so one simple general guideline that I always give is that if the price is above the 200 period moving average stay with a long bias so this means right there this is a in a long term uptrend and you want to be buying in this market condition right so for example let’s say the market is still in an uptrend over here I can identify that you know these are possible area of support possible levels that you can look to buy in this market condition okay so moving on right another example we can see that over here the price is above the 200 ma so what should you do right you should be looking for buying up Unity’s right in this market condition so another way right you can use a moving average is to trill your stop-loss right so let’s say for example you enter a tree alright and then price moves in your favor and you want to write a trend how can you do it right what you can do is use a moving average in this case right let’s say for example price you know break below this area of support that’s a pullback and you shot the break down right you want to write the wave down lower so one way to go about it is that you can use the moving average in this case is the 20-period moving average to write this a short-term trend down lower okay there is nothing magical about the 20-period moving average right often I get question from traders hey Rana which is the best moving average vary should I use the 50 20 100 200 look there is no best right it really depends on your goal what what you’re trying to achieve I share with you the 20-period moving average here is for traders who wants to capture a short-term trip okay so you can use there something like a 20 which is more tighter if you’re on something that gives your trip more room to breathe you can even use a 50 period moving average like this one over here okay trailing it with the 50 period moving average so what should strike up to you is that using a 50 period more moving average there is more room for your trade to brief right so you can see that this trade right can actually we stand a deeper pullback whereas right the 20-period moving average right you can see that it can really withstand a deep pullback so again it all boils down to your goal right what you’re trying to achieve from your trading what type of trends you wanna capture shut them trends medium term trends or long term trend and then you can use the appropriate moving every track to meet your goals alright so this is the 50 so another way right you can use the moving average is a from to trade it or to use it as a frame of reference to find out where is the area of a value on your chart so for example okay this is in an uptrend and you might wonder to yourself you know a where where is it a good time to buy I know it’s an uptrend right if you pull out the 200 ma right now alright the price is above the 200 ma and you might be thinking so where should I buy in this in this market so what you can do is that you can put on the 50 period moving average and see if the the market right tends to respect this moving average so you can see that you respect quite a number of times right bounce here here here although it a slight dip right in here here here so what happens is that this market clearly right it respects the 50 period moving average so in future if the price comes back towards the 50 period moving average what you can do is that you can look to buy because you’re not the price is not an area of value historically the market respects this level right it’s an area of value and when it comes back again right you can look to buy right so one simple way to enter a trade as the entry trigger is that you can wait for the price to break and close above the 50 period moving average so in this case if it breaks and close above here I mean I breaks and close above this blue line right you can treat it as an entry trigger to go long so a few examples historically I can see that over here okay the price breaks and close back above the 50 period moving average can go long here as well it breaks above the 50 period moving average here as well so this is a very simple entry trigger to just get on what the trend right if rightly the moving average right serves as an area of failure so there’s one one way or another way you can use the moving average so you can see over here another example right this time around it’s a little bit more choppy right price tends to exit the moving average then close back above it exceed the moving average close back above it exit a little bit close back a bit above it and exit and close back above it right so I want to I want you to know right the reason why I share this is there isn’t a best moving average out there right so so you should expect sometimes price to you know come close to it don’t touch it and then reverse and there are times where it touch it to the pit and then it reverse and then there are also times it exceeds by a little bit and then in Reverse right so you have to be able to handle the different situations that comes along so let’s do a quick recap right to how you can use the moving average indicator right I say that this is an indicator that summarizes past prices okay so it sure it is shown as a line on your chart to smooth out you know the historical prices I recommend not trading the moving average crossover if you are a discretionary trader because you know you attend to get whipsaw more than than not because the market right only trends less than half the time out 20 40 percent of the time look but however with that said you can use them moving every as a trend filter to tell you whether you should be buying or selling so for example if the price is above the 200 ma you can look to buy in the market condition if the price is below the 200 ma you can look right for shorting opportunities then you also can use the moving average as a trailing stop loss to write trends in the market and finally we spoke about moving average right they can act as an area of value on your chart where is a potential area or level that you might want to buy or sell on the charts okay moving on right let’s talk about the average true range indicator what is it so that every strange indicator is actually a indicator that measures volatility in the market some would go into the in depth calculation because I find that it can be a little bit complex right but a core idea behind this indicator and how the values are being or how the values move up and down is that it looks at the range of the candles or the on the bus and on your chart so you can see that over here this our range of these candles are pretty small so this is why your 80 R value is dipping slightly right measures volatility in the market so if the range of the candles are getting larger needless to say right the ATR value will increase so you can see that over here the range of these candles you can see it’s expanding right the range are getting larger and that’s why you have this increase in ATR value they don’t measure the trend they measure volatility in the markets so this is the point I’m trying to see right so the market can be in an uptrend it can be moving moving higher and your ATR value can be decreasing because it measures volatility in the market notice the range of the candles here are getting smaller and smaller and that’s why your ATR value is decreasing so now now that you understand the ATR indicator how can you use this right to trade the markets number one you can use it to set a proper stop-loss so if you look at this chart often right traders will look at this and say hey right now this is a range man it’s a range range market right so what it’ll do is that you know prices at support you know textbook says I should go along and support and put my stop-loss right just below the low of support okay so maybe previously they have done this a few times right you see this is a range market they put it below the lows of here or maybe the lows of this candle over here what happened is that the price retest back support and then they get stopped out because you’ve set your stop-loss just below the lows of support right and this is very easy right for the market for the price to actually trigger it and then reverse back in the opposite direction so this is why you almost always would hear me say that you know don’t send your stop-loss just below the pot don’t set your stop loss right just above resistance give it some buffer give it some room to breathe so how can you give it some room to brief right so you can use the ATR indicator for this right just pull out your average True Range indicator and right now for example let’s say the value it’s a 57 ok 57 points so what you can do is that let’s say you don’t go along right now and you’ve seen that you know that you know you do not set your stop-loss just below this low because the market could just come down lower and then spike up higher getting you out of the trick so what you’re gonna do is to give your trade some buffer and what I mean by that is that since you know that this every strange in the market is about 57 points you can take this value over here let’s assume this value over here is let’s say it’s up I currently see these are ballots just hypothetically let’s say the value is about fifty fifty six fifty okay and you – fifty seven let’s round it up to make it easier – let’s say this one is a there we 5650 right let’s say the eight one eight here is sixty points right so what I do is fifty six fifty – sixty and your stop-loss right will be at fifty five ninety okay so what we’ll do is you set your stop loss at fifty five ninety which is about some way here right so you can see that now you’re not setting your stop-loss directly directly under the loose right because you know you can get stopped and pretty easily give it some buffer right so your trade has more room to breathe so that’s how you can use your stop-loss right – you know kind of give your your trip more room to breathe and to serve as a buffer right so this is one ATR right if you only be more conservative you can use to ATR so this means you just take this ATR value and multiply it by two and then your bump your buffer is now two times okay moving on right you can also use the ATR indicator to trail your stop-loss all right so let me share with you what I mean so let’s say for example the market is now at let’s say it at this house over here okay and earlier you know that the ATR indicator measures volatility in the market so this means right you can actually trail your stop-loss right using volatility right so this means that you don’t get stopped out of the trade right due to noise of the market my brother you only get stopped out right when the market really shows potential signs of a reversal or weakness so how this works is that again I don’t have the ATR indicator over here but this is a variation of the ATR indicator it’s called the chandelier stop right and find it or train me on trading view so how it works is that this green line you see over here is pretty much five ATR from the highs so let’s see again right let’s say the ATR value it’s a again hypothetically example let’s say ATR values 10 all right and if you’re using 580 I’ll just take five times ten your trailing stop loss is now $50 so let’s say the high of this market is let’s say one hundred and fifty dollars so what it does is that it takes $150 – $50 which is five ATR and they plot it as a line over here that you see over here right so this is pretty much five ATR from this highs over here okay so as you can see as the price breaks up higher your ATR value will move up accordingly so now you can see that how you can use this ATR indicator to actually clear your stop-loss right and the trailing stop loss the beauty of it is actually based on volatility of the markets okay so if volatility expands right your trailing stop loss will give it more room to breathe and if volatility decrease right your trailing stop loss will automatically tighten itself so this is the chandelier stop trailing stop loss but it’s actually no base of the ATR Average True Range indicator so if you just wanna you know find out what is this indicator I just write it here okay it’s called the chandelier chandelier stop stop chandelier stop okay moving on right what else can the ATR indicator do for you right it can help you measure volatility in the market you can see the volatility cycle to be exact so one thing that I want to share with you is that volatility in the markets right they are always changing the market moves from a period of low volatility to high volatility right so here’s an example so you can see over here the market over here this is a weekly timeframe right it a multi-year low volatility right and you can see that when volatility it’s Laura it’s assigned to you that hey the market something is brewing something is coming your way in and true enough in this cherry pick example right of course all of these shots are cherry pick right volatility has expand all right and in this case it’s actually a breakdown where you notice that the range of the candles get larger and larger so in other words right if you see that you know volatility has shrank if you notice that on your chart that range of the candles are getting smaller and smaller and smaller right it’s a huge clue to you that the market is ready to you know break out either higher or lower right we have no idea so this ATR indicator can give you so-called a warning right now hits up late and they tell you that hey volatility in the market has been low for very long right look at this uh the numbers the values over here it’s you know at multi-year lows are all-time low you want to be aware that a break up or break down could be coming soon so this is how the ATR indicator can be used to help you identify volatility cycles in the market so let’s do a quick recap right to the ATR indicator the number one it’s an indicator that measures volatility in the markets you can use it to set a stop loss try to give it some buffer away from support resistance so you know you don’t get stopped up too easily then taking that concept further you can use it as a trailing stop loss as well right the ATR indicator right another variation of this indicator is called the Chandeleur stop right basically it’s a volatility bass stop-loss right and it’s very useful to help you write trends in the market and similarly right depending on the type of trends you want to capture if you want to capture like let’s say a short-term trend you can use a chandelier stop right to ATR if you wanna capture a long-term trend can use six ATR so the concept is similar to the moving average right as what we have spoken earlier and last but not least we spoke about the volatility cycle on how the ATR indicator can help you identify know the different volatilities cycles in the market moving on right let’s talk about is stochastic indicator right so this is a very popular indicator most of Europe have probably heard of it but I’m pretty sure that most of you 99 percent of you watching this do not know how the numbers go up and down so I’m gonna you know break this down for you on how your stochastic values are being derived so let’s say for example right the market is hitting higher right up up and then it let’s say it closes slightly lower okay this is a bearish candle so let’s see this is a five period stochastic right because we have five candles over here looking back at the last five candles all right so similar to moving average if a 20-period moving average in refers to the last 20 candles a five period stochastic refers to the last five candles so let’s say the high over here it’s a let’s say 100 the low is let’s say 50 okay and let’s say it closes right at my T so based on the information I just share with you right you can actually derive a stochastic value okay so how do you derive the stochastic value is what it’s actually very simple what you’re gonna take or do is take the lows to the close right which is this right this portion over here right the lows to the close divided from the lows to the highs okay so you can see that from the close to the lows right it’s 40 90 minus 50 is 40 and from the highs to the lows is 50 so if you divide this you get a number of 0.8 we should reflect as 80 right on your stochastic indicator so what this indicator tells IRRI is actually momentum in the market it reflects our momentum in the market is developed by George Lane right so the stochastic indicator it’s an oscillator right there have you identified no momentum in the markets right how strong momentum is so when it you know has a value of 80 its selling is telling that there is strong momentum in the market right clearly you can see that you know the price over here right there is strong momentum as the price is now in closing near the highs over the last five candles all right so stochastic indicator is an indicator that measures momentum so how not to trade it right this is important right so often right traders who put on the chart and then you see you know hey the stochastic indicator it’s a over in this case right let’s see it’s over it’s over bought rights Overboard Man Overboard over born in fact this whole portion over here right a lot of this area’s all overbought so you can see that if you see that the stochastic indicators overbought you go short short short short short short short shot you get date BAM right bet met move right because as you can see although the market is overbought all right the thing is that you have to pick into consideration the market context just because stochastic is over bottle over so doesn’t mean you just blindly you know train it okay remember it this is an indicator that measures momentum so if you think about this right what this market is telling you that that it has you know consistently be been above the 80 level right it means that this market has strong momentum behind it right so your shot against it this is really against the teachings of stochastic indicator so this is why it’s so important right to understand how your indicator values are being derived and then only then right can you use it in the correct way so first and foremost I don’t blindly trade the stochastic indicator just because it’s overbought doesn’t mean you buy just because it’s over so doesn’t mean you sorry that’s just because it’s overbought doesn’t mean you shot and just because it’s over so doesn’t mean you buy okay but don’t worry I’ll explain right how you can go about trading the stochastic indicator first and foremost right you can use it as an area of value on your chart right so this would be used in conjunction with the trend if the market is in an uptrend for example how do you define the trend we talked about the 200 period moving average so if the market is above the 200 period moving average all right it’s in a long-term uptrend and you can use that right as a trend filter so now if the market is an uptrend you only want to be paying to over so conditions over so over so over so and over so right because after all if the market is in in an uptrend there’s a good chance that the trend will continue so if you want to find area of value on the chart the stochastic indicator can serve as that purpose right in this case right below 20 when the stochastic indicator is below 20 that can serve as an area of value on your chart so that’s the first thing the other thing is that stochastic indicator can also act as an entry trigger so what is an entry trigger so entry trigger could simply be right let’s say for example market is a range right so often traders will look for a higher close for example right they can know how your clothes into the range so this right the candle that closes higher interchange right is the entry trigger because there is so called the signal you’re looking for to go long so similarly you can use the stochastic indicator s an entry trigger right I have used the settings at twenty one one so that’s why you only have this one line on the chart the instead of the two traditional stochastic lines so how you can use it as an entry trigger is that when the stochastic line crosses back above twenty right it’s telling that you know momentum now is reversing back towards the upside okay so this right this right can serve as an entry trigger right so instead of waiting for a Kindle close or you know reversal candlestick pattern the stochastic indicator can also serve as an entry trigger so every time it crosses back above twenty right if the context of the market is correct if the market conditions is appropriate to go along right this can serve as an entry trigger for you to buy right here all right this is a cross above twenty cross above twenty cross above twenty now don’t worry you know if you’re thinking you know how you know how would you actually use this particular technique right with the train and etc we will talk about that later on right but for now just focus on you know what is the purpose that a stochastic indicator can do right so in this case you can serve as an entry trigger so just a quick recap number one and in the stochastic Allah is an indicator that measures momentum in the market right if it’s a above eighty is telling me that there is strong momentum if it’s below twenty it’s telling me that there is strong downward pressure or downward momentum you can use the stochastic indicator to identify area of value in the markets right we will talk that later on on how it actually combined different indicators right then serve this purpose the area of value then also the stochastic indicator can be used as an entry trigger to get you into a trade to trigger you into a tree I remember right you’re not using the stochastic indicator in isolation it’s always used in the context of the markets right for example in an uptrend and an area of support etc Midori we’ll talk about that later on okay for now let’s move on and talk about the dungeon channel indicator so what is this indicator about so the dungeon channel indicator right it’s an indicator that is pretty much a trend following indicator right it has three bends here as you can see right there is the upper band and then the lower band so the default settings right and this is the the middle band the default settings on the dungeon channel is a twenty period so what you’ll see over here is this is pretty much the 20-day high this over here is the 20-day low and the orange band middle one is the average right between the upper band and lower band so let’s say the upper band value it’s let’s say it’s thirty lower band value let’s say it’s ten so the orange band the middle band is the average between the two so just take 30 plus 10 divided by 2 and you get 20 so this one over here evaluates 20 okay so that’s pretty much how the dungeon channel works so how not to treat the dungeon channel again as you can see right I’m always sharing how not to create a particular indicator first before we talk about how to treat it so the dungeon channel right is again right don’t mistake the bands as you know support resistance because in the trend in an uptrend the upper band will get touched very frequently so if again if you’re shorting just because the price is at the upper band upper band a prevent upper band is going to be very painful okay so don’t mistake the upper and lower band has no support resistance right in trending market you know it really gonna you know bus your cup so now how can you treat the dungeon channel net firstly right it can be used as an entry trigger right so for example candlestick reversal patterns can be used as an entry trigger stochastic can be used as an entry trigger and now the dungeon channel can be used as well so what you’re looking for is for the price to to hit the upper or lower band so when it hits the upper band it’s telling you that yes brick above the 20-day high and that could be served as an entry trigger to go along right buying breakouts and if it hits the lower band okay it’s telling you that eds reach the 20-day low and it could be surface you know a breakout signal to go short again right you won’t trade this in isolation but just it’s just stuff it’s just meant to be an entry trigger and the dungeon channel you can adjust if you’d 120 you can adjust doing 100 200 it really depends on your choice okay so first and foremost it can act as an entry trigger second the dungeon channel can be used as a trend filter okay so recall earlier the moving average it can be used as a trend filter now the dungeon channel can perform something similar as well so how you do it is that you want to reference right the middle been to tell you whether you should be long or short so in this case right if the price is above right the middle ban which is the average between the upper and lower band you want to stay long so you can see that over here alright this portion yep you have a slight dip below it right but otherwise you will be on the right side of the trend right more often than not right so this is how you can use it as a trend filter likewise on the opposite direction right if the price is below the middle band the price is below the middle band all right you want to stay shot and look for shorting opportunities only right so if you use this as a trend filter it will keep you on the right side of the market more often than not so now how else can you use the dungeon channel indicator well you can also use it as a trailing stop loss right so let me explain so let’s say you know your long right say for example you long this breakout over here ok so how can you trill your stop-loss what one way you can go about it is that if the price right touches the 20-day low you exit the trade so that’s one way you can actually trillium stop-loss right in fact over here actually yes hit the 20-day low and you exit the trip ok and vice-versa if you if you are short right then you can trill it on the upper band and if the price hits the upper bed you exit the trade and likewise like the moving average you can actually adjust this uh this band right if you want something to capture the longer-term trend you can use the the 50 period settings on your dungeon channel if you want something even longer term gauge 100 or 200 it’s up to you and it depends on your trading goals so let’s do a quick recap shall we so number 1 alright the dungeon channel is pretty much a trend following indicator right you want to be aware of shopping the upper bands or just blindly buy the lower pants right I think it’s the same for all indicators that I’ve said so far you never want to use an indicator or use it as a buy or sell signal in isolation that’s just not how it works that setting is that you can use the dungeon channel indicator as an entry trigger to buy breakups or short break down you can use it as a trend filter to know whether you should be buying or shorting and finally right you can use this as a trailing stop loss to write you know trends in the market so now at this point in time right you have learned right I would say for trading indicators right I’ve shared with you know what is it about how it works how not to trade it and how to treat it and some of you might be thinking okay that’s all well and good but how can you actually combine trading indicators and take your training to the next level and that’s what we’ll cover right now so now how do you combine trading indicators okay so I have just two very simple rules number one every indicator that you have on your chat must have a purpose if you look at your chance right now and there’s an indicator and you have no idea why it is down there just because someone on the forum used it as well then hey something is wrong right every indicator on your chat must have a purpose what is the purpose right hey it’s all dependent on you I’ve shared with you four indicators so far what are their purpose and how they can be useful so every indicator must have a purpose if you do not know what’s the purpose just remove it right second thing is that indicators must not be from the same category so what I mean by this is that for example stochastic indicator it’s an oscillator so it doesn’t make sense to efforts to Casting indicator the RSI indicator the CCI indicated all together because they pretty much you know have the same purpose so you don’t wanna you know put up indicators from the same category together just one indicator from one category it’s more than enough another example is let’s say you’re using Bollinger Bands right I didn’t cover this right but let’s say you’re using Bollinger Bands right and you’re adding a count another channel doesn’t make sense right both of them are pretty much bent right so one of it is enough okay so these are two rules right that you want to have when you’re trading with indicators they must have a purpose and you don’t want to use them right from the same category so now here are some useful combinations that you can think about right when you are using indicators in your trading dungeon channel and ATR right why why is this right so recall dungeon channel what can you do well it can help you serve as an entry trigger to buy breakouts to short break now what about ATR what can you do if you recall we say that the ATR can help you identify the volatility cycles in a market so let’s say for example right you notice that over here volatility here is now a multi-year law so in the back of a minor you should expect that hey volatility might pick up right the market might know break up higher or lower you have no idea so now this is a signal that hey you know it Prime’s you that you want to be trading the breakout right because the market could really move in one direction so how do you enter a breakup well we can use the dungeon channel as an entry trigger so in this case right dungeon channel this is a weekly timeframe right the price has hit the the upper bed in other words yes hit right the tweeny with high so that could be served as a entry trigger to go long now I thought about stop-loss over here yeah and right because I really want to focus on a concept that I’m sharing now so you can see that different indicators have different purpose right and if you want you know to write the move how can you write in a trend again we mention it the dungeon Channel can help you trail your stop-loss all right if he hits the lower bin you exceed the tree right so you can see that how the ATR indicator and the dungeon Channel can complement one another and in fact if one you know take things a step further to give it a more comprehensive a so-called strategy or system right you can actually use this ATR indicator over here right and to help you set your stop loss or if you recall earlier we said that you can actually use the ATR indicator to set your stop loss so for example let’s say this over here is I don’t value of X right and you long to break out over here what you can do is again you’d want to set your stop loss or just below the loop so what you can do is take this value over here this so this this value over here below of the weekly bar and you minus X from it – X so your initial stop loss can be somewhere over over here okay so you can see that you know how different indicators can complement one another – to help you meet your trading needs I’m not example right over here look at the ATR value right multi-year lows okay it means that the market it’s about to break up I don’t know where it is going up or down right so this is where you can use the dungeon indicator to help you a tick tick right where your entry will be in this case the market broke down broke down first right broke the 20-week low again you can go short trail your stop-loss right using the upper band in this case right you probably will get stopped out over here okay if you didn’t write any it would probably be over here okay so again dungeon channel and the ATR indicator how they can complement one another what else moving average and stochastic recall again moving average can serve as a trend filter alright so in this case the price is below the 200 period moving average so should you be long or short well if you have you know listen right you you would know that you know if the price is below the 200 period moving average then you want to stay shot so now the question is when you shot where is an area of value that you want to show stochastic indicator does something about area of value right Rana say that I think you did I think I did I did okay so again right the area of value could be the above the eighty level over here and over here right which is pretty much about here and around here right so you can see again how these two indicators can complement one another one is a trend filter and one has an area of value in fact if you want to use area of value you might even use the 50 period moving average instead of instead of the stochastic that is possible as well another example right so again the price now is above the 200 period moving average should you be buying or selling or shorting right again prices above the 200 ma you want to be looking for long opportunities but hey you know the channel is so wide it’s like 200 candles over here and which part at which point do I look to buy area of value in a stochastic can do or rather help you identify the area of value right so here is an area of value area of value area of value right which is obviously on on a point on is that all the examples over here that you’re seeing right now has been cherry-pick right in the real world there will be you know variations of it but the reason why cherry pick this is because it’s so much easier to explain the concepts that I’m teaching you right now my in a real wall of trading right things may not be as pretty it may not be as accurate right and there will be losses for sure I guarantee it with my heart alright so so bear that in mind at the back of your hip okay yep so anyway that’s a another way the moving average and stochastic can be used how about moving average and average true range okay so if you recall earlier I say that uh the moving average can serve as an area of value on your chart right so in this case you see that price tends to bounce off the 50 period moving average then it release pounds of it really bounce of it really bounce I mean a come down lower and then really and the thing about this is that if you notice it right historically this price tends to exit the moving average by a little bit so this means that if you’re a long right you want to be careful right of not having to title for stop-loss right because if you just put it under the low so right or just slightly beyond the moving average you can see that you’re gonna get stopped out right quite often as the price you know exits the moving average by quite a bit so what you’re gonna do is again you recall right now saying that the every true inch indicator can be used to give your stop-loss a buffer right if you remember that right not go back to the ATR segment alright so how you can do that is again let’s say the ATR value over here it’s let’s say I don’t seventeen right let’s make it at seventeen so what you have to do is that if you want to have a stop loss right and you’re gonna give it some buffer you can take the lows over here right and then minus seventeen from it so let’s say the value here is I don’t know if I can really see this let’s make it two thousand four hundred minus by seventeen right you get something like two three eight three so your stop-loss so it will be something like a two three eight three over here so you can see that right now okay you are able to withstand any pullback towards the moving average because now you have some buffer right to to kind of you know we Stanley the pullback that tends to exit below the moving average so this is another way of how you can use moving average and the average current together as a compliment in fact the average true range right this is so useful then it doesn’t have to be moving everything in fact it can even even be a support resistances it’s what I’ve shared with you earlier all right let’s say now because you don’t have to use indicators to meet your purpose sometimes if you use technical analysis like you know trendlines support resistance right the concept is all the same so let’s say right price is it area of resistance right and you go short somewhere here okay you don’t have set your stop loss right just above this high so you know just above this highs over here just above this highs because you can get stopped up pretty easily so what you want to do is again reference to a TR value right if the values now and see why so what you do is you take this a level over here right and you add on Y to it plus y so now over here is your stop loss right so you’re trading this this resistance right with the ATR indicator to kind of you know serve as a buffer to to give your create more room to breathe another example right just one more is that let’s see trendline right price comes to this trendline again you’d want to set your stop-loss just beyond the trendline right give it more buffer use the ATR indicator all right so your stop-loss can be somewhere here so he can reach ten if the boop-boop a slightly deeper you still can you know we stand it because it’s quite common right in the real wall of trading for the price to exceed a certain level like this this this okay this one this one over here before it continues higher so this is where the ATR indicator can be useful so let’s do a quick recap right every indicator on your chart must have a purpose okay so the early examples I share with you right they all have a purpose whether is you know having a buffer for your stop-loss where there is identifying volatility in the markets where is identifying area of value where is identifying a trend they all have their purpose we talked about the dungeon channel plus ATR moving average plus to cast a moving average plus the average to reach okay so far so good all right so now let’s talk about the frame all right so before I end this uh this this cost right I want to talk about the framework to what you’ve learned so far okay so just give me a few seconds right while I adjust that and set okay so what I want you to take away is not to not to memorize right because memorize it in trading doesn’t work right if you haven’t realized it by now right memorizing in trading it doesn’t work okay so why I want to share with you is the framework so what is the framework that you’ve learned so far let me share with you if you think about this right what I did actually is first and foremost I share with you what is the indicator about how it works how the values move up and down that’s what I did the first thing then I share with you when not to use it because once you understand what the indicator is about right then you know that there are certain market conditions that it simply doesn’t make sense to use it like stochastic measures momentum in the market if the value is at 80 it’s telling you that there is strong momentum it doesn’t make sense to blindly shot at a value of 80 in an uptrend so once you understand the logic behind an indicator you will naturally know when not to use it and then finally we talked about how you can use the indicators for what purpose can be used to meet your trading goals all right so this is pretty much the framework that I have used right throughout this our ultimate trading indicators cost and although I didn’t cover all the indicators from A to Z right but if you apply this framework may I just share with you right the concept can be applied to any indicators out there Bollinger Bands right caponata channels Fibonacci’s what else RSI MACD whatever right the framework can be applied the same so we’re gonna teach you the framework then you know blindly telling you you know price goes up you buy price goes down yourself because debt will not make you a better trader but with this framework in mind right I know right you can use this knowledge right to make better trading decisions okay so we that’s it thank you for your time right and if you want to learn more about my trading strategies and techniques about a work that I do you can go down to my website over here trading with rainy or calm okay over here trading with rain or calm right and in today’s lesson of course right we talked about indicators if you want to learn more about trend following for example how to write trends in the market you can download this ultimate trend following guide right – right massive trends in the market if you wanna learn something that is outside of price action right how to read candlestick patterns candlestick charts how to identify strengths and weakness in the markets how to better time your entries and exits go and download the ultimate guide to price action trading all right so these two guides are completely free so just go down to my website trading with Rainer comm click this blue button right and I’ll send these guides to your inbox for free all right so with that’s it I have come towards the end of this course I hope you’ve enjoyed it as much as I if you don’t spend over the last 40 minutes all right sharing my thoughts with you before you find great value in it please hit the like button you know smash the like button pom pom pom pom pom right and subscribe to my youtube channel and if you’ve got any questions right leave it in the comment section below and I’ll do my best to help with that said right I wish you good luck and good trading until next time

100 thoughts on “The Ultimate Trading Indicators Course (4 Powerful Trading Techniques)”

  1. That was amazing and very good. Thank you for taking the time to do that. I obtained a huge amount of clarity and value from this.

  2. THANK YOU BRO.. YOU HELPED ME ALOT! BUT I FEEL SORRY, I CAN NOT AFFORD YOUR BOOK 🙁 PLEASE SEND ME THE BOOK, I ALREADY ASKED FOR THE BOOK BEFORE BUT I DID NOT RECEIVED ANY.

  3. Thanks bro for sharing your wonderful and important knowledge
    You r my inspiration in this market
    I learned lot of important things from you. your explaination is very simple and effective and I follow your knowledge in my trading
    And making some profitable trades thank you

  4. Another interesting video. I would like to know what should be the default setting of ATR. I was testing a crypto chart XRP/BTC (Bitfinex) and the ATR shows 0. I would appreciate if you could guide me on how to calculate ATR such scenarios.

  5. Dude. Seriously. I appreciate you and the effort you put into educating others. Great video by the way. 👍

    I think I had a bad start at forex since the first I learned was Ichimoku because the person who taught me was very traditional, then I learned the EMAs which kind off made me disoriented to be honest. But I have a better understanding now because of your videos. So thanks man.

  6. when market is closed, price movement halts.. everything looks so perfect. every indicator shows buying and selling area, market looks like filled with opportunities. isn't it?

  7. Hey Rayner. Should I use the ATR to calculate my stop in the timeframe i'm entering the trade? For example, If I enter the trend in the one hour timeframe, should I use the ATR on the 1 hour timeframe? Or should I use the ATR on a bigger timefrime? Thanks for your answer.

  8. I don´t know what Rayner is going to teach you on the paid course, because he is revealing everything for free here. Maybe if you take the paid course you automatically become Warren Buffet 🙂

  9. Dude, just found your channel. great explanation of market, very easy to understand. Thanks much. Keep up the good work.

  10. everyday im getting better and better by watching your educational videos i wouldnt be surprise if one day id become market wizards lol

  11. respect brother and thanks…i want to ask if price are above 200 moving average and one hour but below in daily …which one is more reliable

  12. Hey Rayner. This is great stuff and your teaching it really easy and understandable. On this channel i learned more than from the last few books. Zoom out and follow the trend, while keeping your trailing stops disciplined.

  13. smashed the like button… bham … bhammm bhammm bhammmm bhammm……

    great job alwys done by great man…. one of them YOU…….

  14. You’re doing a great service to the trading community! Thanks for the no BS information! This is pure gold! Thanks man!

  15. Неу, man. thanks for the videos. Great job. Possibly, you want to consider making the name of your website more visible. it is rather hard to see it so small and blurry, at least for me. Thumbs up for you

  16. Quick question for anyone that can help, why are all the videos I watch involving technical analysis, price action trading, and using candlesticks only ever with forex trading? Do people not use technical analysis and indicators and what not for trading regular stocks? Or is it just easier with forex?

  17. Rayner you have inpacted so much to my knowledge i really appreciate.God bless you.for chearing this type of information free of charge,may God continued to stenghten you.infact you; re the best,,,

  18. Rayner, thanks very much for your tutorial. For people who have no time to follow the market do you have EA for your trading?

  19. Do you want to learn a new trading strategy that lets you profit in bull & bear markets?

    Then grab a FREE copy of The Ultimate Guide to Trend Following.

    You'll discover how to profit in bull & bear markets so you can grow your wealth steadily — even during a recession.

    Click the link below and grab your copy, it's free!

    https://www.tradingwithrayner.com/freecourse/

  20. Can you please be more specific to elaborate some other indicators? Which indicators are similar to your indicators you have thought us on this video???  1st question, is Bollinger bands are also similar indicator with the donchian channel? 2nd, is ATR is also similar to RSI's and Money flow index? I got a little bit confused on these indicators? Thank you.

  21. Hey, Rayner, I was just wondering when you were explaining the Moving Average indicator, you mentioned something about discretionary trader and systematic trader. May I know what is the difference between those two? Thanks for you attention.

  22. You discussed your topics well, very structured and easy to understand. thank you for sharing this. im binge watching your videos, although i know i'll have to re-watch them again at a slower pace. love from the philippines.

  23. Very nice videos and thx for giving valuable information and gr8 learnings,as every video teach new knowledge

  24. I'm a novice in trading but I'm learning so much from your videos. I wish you greater profits and returns

  25. Hi Rayner, can you please clarify when you combined Dinchaian channel and ATR, we see three lines how many days of moving average of that three lines or how to add that three lines. Could you please me out here.

  26. Great explanation Rayner. I think what's important for viewers is to understand that these indicators are GUIDES to be incorporated to their respective trading plans.

  27. God bless you for your generous decision to educate all of us..I have lost a lot in forex before I came across your videos..I believe my trading will never be the same..

  28. God bless you for your generous decision to educate all of us..I have lost a lot in forex before I came across your videos..I believe my trading will never be the same..

  29. Great thanks to you for sharing so clearly your knowledge 😘 can you make a video about explaining the concept of shorting? It’s so hard to understand it for a newbie. How it looks in the live trading? To be able to see how you are doing it?

Leave a Reply

Your email address will not be published. Required fields are marked *