👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
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What’s going on guys? So, as you know, today was a great day on the live stream. If you’re missing out, be sure to subscribe below. Also, I’m going to go over this indicator I made. As you can see it on the screen. Before I do, if you’re looking to get access to this indicator right now, be sure to subscribe to the comment section of this video put your trading view name. So, I can give you access to it. I need your
Trading view username and then I can give you access. So, if you want access, that’s what you do. There’s so many different settings here. As you can see, it played out not too bad today. You know, it’s not a full trend thing. I’m I basically built it. Somebody asked me to build this for them. It’s kind of a pretty good scalping indicator. You know, obviously on different time frames you’re going to have to change the settings. I’m going to show you
My settings in 2 seconds. But, you could see like it it caught not too bad. Like winner. You know, that’s a winner. I mean, you know, you’re going to be like, you know, definitely bare minimum you’re at break even. This was a winner. Could have got a little choppy there. Wasn’t terrible. You know, it definitely caught some big ass moves. Um and then it kind of tells you when to stay out of things. Like cuz you could zoom in. So, a
Lot of times when it goes yellow, you kind of know not to do anything. The momentum is kind of sucked out. Um But, yeah, somebody wanted me to build this. I built it. I put it out to the public. It’s free. It doesn’t cost you anything. All you got to do is put your trading view username in the description of this not in the description in the comment section. Also, in the description of this video is a free a free discord
If you want to join and see or ask any questions about it. You can go there or you can catch me on the live stream every day. But, yeah, so here’s my settings. As you can see, different things kind of change depending on what you want the threshold to be. You know, if you kind of shrink it down, you can see some of the candles will change color. Also, it works in combined with some of these other ones. You know, as
You raise it, see now the chop. You know, now it makes it harder to get out of chop, right? Because the threshold is larger. So, you know, what you would want to do is depending on the time frame that you’re using, you would kind of play around with these. You know, if you’re using the 1-minute, you know, like you got to remember today was very news driven. So, you know, is today the greatest day? But, you know, if you’re if you’re
Trading the five, watch. You know, I probably wouldn’t use these settings. You know, if you’re trading the five, you’re going to also get a lot less a lot more uh If I’m trading the five, you’d get less signals. I would say. You know, I’d kind of play around with this and see what you like and and things like that. Um You know, today was a really choppy day. So, when you go to the five, you can see it’s back and forth
Back and forth. I would not use this on a 5-minute chart to be honest with you. It’s it’s not really built for it. It’s built to be a scalping tool. So, I was just kind of showing you that you know, depending on what you’re doing, you kind of adjust the adjust the settings. That’s what I have. Um it’s not bad. You know, like I said, somebody asked me for this. If you have an idea for indicator and you don’t mind me
Putting out to the public and you want me to build it for you, tell me what it is in the description of this and I will build it for free. And I’ll just put it out there. So, um yeah, if you guys got any questions, come to live stream, ask. But, I just want to throw this out there cuz people have been asking what my settings are. So, those are my settings. If you have any questions about it, feel free to
Ask. I’ll see you on the live stream tomorrow. Peace.
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