This New Trading View Indicator Gives Insane Trading Results
In this article I am going to review new trading view indicator that gives very accurate buy and sell signals. This indicator uses some hedging strategy to generate buy and sell signals. Today we are going to discuss Sector Rotation hedging strategy by Trade dots.
How to Attach This Indicator on Trading View?
Simply go to trading view website and search for sector rotation and the indicator will be appeared and attach the one that is uploaded by Trade dots.
How to Use This Indicator by Trade Dots?
There are lot of buy and sell trading view indicators available but i have found this one to be very profitable and safe for scalping. When Hedge Starts turn into red color then its a clear signal that money is flowing out of this asset and its the time to look for short opportunities.
On the other hand, when Hedge ends turns into green color then its a signal that money is flowing back into that particular asset. So, here at this stage we should be more focused on finding buying opportunities.
Safe And Profitable Approach using 200 EMA
In this section I will explain how you can get rid of wrong signals just using a second indicator. The second indicator is the exponential moving average with 200 period. You can see the moving average in white color.
Price Below 200 EMA
If you get buy signal from the hedge indicator when the price action is below the ema then ignore it. Yes, if any candle closes successfully above the 200 ema then you can enter into a buy trade with a small stoploss.
Price ABOVE 200 EMA
Moreover, If you can a red signal from hedge indicator when price is above the 200 ema then don’t sell immediately. If the price closes below the 200 ema then you can take short position otherwise these type of signals will be simply ignored.
If you are a scalper and looking for level based scalping indicator then check my premium indicators below.
Market Turning Points Indicator
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