The Only TradingView INDICATOR You EVER Need [Most Secret Strategy]
In this article, I will discuss the only trading view indicator you ever need. This amazing indicator is written by Zapayab. This indicator helps traders create their strategy. It has many technical indicators inside, which help traders enter and exit from trades with proper money management. This indicator has great features from beginner to advanced level.
How To Setup DIY Custom Strategy Builder Indicator?
You need to go to tradingview.com. Go into the indicator database and type DIY and you will see this indicator as you can check the name in the attached image. When you apply this indicator on your charts then you can play with its settings. You can play with the moving averages, Rsi and Bollinger band, etc. This indicator is designed to find a specific degree of volatility in the target level.
MACD For Strong Momentum and Trend Following
This is the strong part of this trading view indicator where you can create some conditions for buying and selling. For example, you can set the prices when the following indicator is set up for buy. When the conditions are met then it will trigger a buy signal.
The RSI rises to over seventy (high chances of a market overbought)
The price increase is above the 50-day moving average. You can plan to sell signals when MIAMATs show some conditions.
1- When the RSI value goes below 30 this is now a high chance for an oversold market.
2- The price goes over 70 this is now a high chance of overbought conditions.
3-The price goes below the MA over 50 days.
Backtesting will help you to make your strategy more refined and accurate.
Differentiate Sell Signals
This indicator helps you to give signals based on your provided settings. For example, If we take the RSI strategy for now the sell signal will only be caused due to an action of input that you give to the indicator.If the Rsi value is more than 70 which we will take as a sell signal.
There are many ways to play with DIY Custom Indicator. You can customize it according to your needs and choices.
My High Accurate Indicator for Gold 5 MIn