Best Scalping Indicator **FREE** — Transcript

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1. 0:00every single day trader that exists is
2. 0:02looking for the perfect scalping
3. 0:04indicator that one thing that's going to
4. 0:07give you the Cutting Edge to be a better
5. 0:09Trader I'm here to tell you there's no
6. 0:11magic indicator that is 100% correct
7. 0:14every single time to give you a 100% win
8. 0:17rate but I'm going to show you a free
9. 0:19indicator to take your scalping to the
10. 0:21next
11. 0:24level welcome back to the channel
12. 0:26everybody my name is Arty and this is
13. 0:28the moving average a show where we disc
14. 0:29discuss everything day trading to keep
15. 0:31you profitable on a consistent basis so
16. 0:34as you guys know I'm a huge fan of
17. 0:36indicators I believe that computers are
18. 0:39there in place to give you information
19. 0:42that you can't regularly see either
20. 0:44because you don't have the skill set yet
21. 0:46or you can't calculate as much
22. 0:48information as a computer can so if you
23. 0:50watched my previous video about doing a
24. 0:53full breakdown on naked trading setting
25. 0:56up your support and resistance levels
26. 0:58drawing your trend lines and getting
27. 1:00your entries based on that information
28. 1:02then you know how to trade without any
29. 1:05indicators and now if you toss an
30. 1:07indicator on top of that strategy that's
31. 1:10going to get you your perfect entry
32. 1:12point for every single trade so without
33. 1:15jabbering on for another 18 years let's
34. 1:17jump into the computer I'm going to show
35. 1:18you exactly how to set this up and how
36. 1:21it was created all right so this is the
37. 1:23exact same chart that I did in my
38. 1:25previous video marking up support and
39. 1:27resistance levels and then showing you
40. 1:29guys trend lines and breaks in Trends
41. 1:32God I love coffee so what I normally do
42. 1:34after I mark up all these charts is put
43. 1:37my indicators on now if you have the
44. 1:39free version of trading view you are
45. 1:42very limited to the amount of indicators
46. 1:44that you can put on your maximum number
47. 1:46is three I've struggled for a while to
48. 1:48show you guys a decent way to set up
49. 1:50your charts only using three indicators
50. 1:52but now that is no longer a problem let
51. 1:54me show you how it used to go I used to
52. 1:57put up three smooth moving averages so I
53. 2:00would have to click this three times and
54. 2:02that would immediately take up all three
55. 2:04of your indicators then I would put up
56. 2:06an RSI then the stochastic RSI and then
57. 2:09the engulfing candle indicator right now
58. 2:12that's six indicators on your chart to
59. 2:13help you get a better entry and it's too
60. 2:16much not everybody can have that many
61. 2:18indicators then you have to go in and
62. 2:20adjust the settings for each one of
63. 2:21those to make it specific to how I teach
64. 2:24in my videos and now officially as of
65. 2:26last night that is no longer an issue
66. 2:28because now we have the moving averages
67. 2:31official free indicator on trading view
68. 2:34so let me delete all this mess and show
69. 2:37you exactly how to set it up so in the
70. 2:39description of this video is going to be
71. 2:41a link to the Discord group it's here in
72. 2:44the description so you're going to click
73. 2:46show more in the description and right
74. 2:48here there's an invitation link to the
75. 2:50moving average official Discord group
76. 2:53you're going to click that link it's
77. 2:54going to take you to Discord if you
78. 2:56don't already have an account it's
79. 2:57really quick and easy to sign up and to
80. 2:59get access to theou group you just need
81. 3:00to do a quick verification to make sure
82. 3:02that you're actually a human being and
83. 3:03not a robot scammer once you do that
84. 3:05verification there are different
85. 3:07categories here this is where I post my
86. 3:10new videos every single day that I do a
87. 3:12video different announcements that I
88. 3:14want to tell you guys about we have a
89. 3:16general chat room Forex room crypto room
90. 3:18indices room Commodities room if you're
91. 3:21selling oil and gold we have a room
92. 3:23specifically for beginners for people
93. 3:25struggling with the basics a full area
94. 3:27of testimonials different spread sheets
95. 3:30best brokers to choose and my favorite
96. 3:32place to talk is the off-topic chat we
97. 3:35talk about bikes computers vacations
98. 3:37sitting outside playing at the park this
99. 3:40is where the action happens and that's
100. 3:41where I spend most of my time so that's
101. 3:43just a quick rundown of the Discord
102. 3:45group but right here in the first tab
103. 3:47where it says TMA at the bottom here we
104. 3:49have the TMA indicator what you're going
105. 3:51to want to do is Click each one of these
106. 3:54links and it's going to take you to
107. 3:56trading view to show you that exact
108. 3:58indicator and right here if you scroll
109. 4:00down just a little bit you click this
110. 4:01add to favorite indicators you're going
111. 4:04to do that for both links click the blue
112. 4:07button now just to avoid any issues
113. 4:09refresh the page up at the top you're
114. 4:11going to click the indicators search bar
115. 4:13and right here in your favorites it
116. 4:15should pop up it is called the Ry and
117. 4:19TMA Divergence indicator click both of
118. 4:22those and they will be tossed on your
119. 4:24chart now you do not need to adjust any
120. 4:27of the settings all of the settings on
121. 4:29on here are the exact settings that I
122. 4:32have in each one of my videos of how I
123. 4:34like my indicator set up okay so to
124. 4:36quickly summarize my strategy if we are
125. 4:39above the 200 period moving average we
126. 4:42are looking for buys if we are below the
127. 4:44200 period moving average we are looking
128. 4:46for sells on this indicator you get the
129. 4:50white line which is the 21 period moving
130. 4:52average the green line which is the 50
131. 4:54period moving average an additional 100
132. 4:57period moving average which is the
133. 4:58yellow line and the red line which is
134. 5:00the 200 period moving average all of
135. 5:03these are smoothed moving averages
136. 5:05they're the ones that I prefer trading
137. 5:07with the most and just to visually
138. 5:09represent if you're looking for buys or
139. 5:12sells at that time there is a light
140. 5:15cloud from the current price to the
141. 5:17moving average which is either red or
142. 5:19green depending on if it's an uptrend or
143. 5:21a downtrend now you guys know that I
144. 5:23like to trade big ass candles so the
145. 5:26previous indicator I used to use was the
146. 5:28engulfing candle indic Ator that only
147. 5:30shows you if a candle is engulfing the
148. 5:33previous candle in the opposite
149. 5:34direction so that is now on this
150. 5:36indicator as a built in you will see
151. 5:38that with these small individual arrows
152. 5:41we also have an additional one which I
153. 5:43am extremely excited about because one
154. 5:46of my favorite videos that I have made
155. 5:48is called the three line strike that
156. 5:50video is right here but basically we're
157. 5:52looking for a pull back to a moving
158. 5:54average and then a big engulfing candle
159. 5:57off of that moving average so on a cell
160. 5:59signal you want three consecutive
161. 6:01bullish candles and then one big
162. 6:03engulfing bearish candle that is a three
163. 6:06line strike three line strikes on this
164. 6:08indicator are shown as a double arrow
165. 6:11right there so according to the strategy
166. 6:14the price breaks below the 200 period
167. 6:17moving average we wait for all the
168. 6:19moving averages to line up in order the
169. 6:2221 the 50 and the 200 price usually
170. 6:25pulls back to the first moving average
171. 6:27the 21 and rejects off of it this right
172. 6:31here would have been your entry candle
173. 6:33with a bearish engulfing this one right
174. 6:36here would have been an even stronger
175. 6:38entry point with a three line strike
176. 6:42bearish engulfing candle each one of
177. 6:44these you double the length of that
178. 6:46bearish engulfing candle for your
179. 6:48stoploss and you keep your risk to
180. 6:51reward at a 2 to one both of these entry
181. 6:54signals got your 2 to1 risk reward ratio
182. 6:57and just this alone is abs absolutely
183. 7:00amazing it gives you a clear indication
184. 7:02of my strategy so that you don't have to
185. 7:05add too many indicators everything's
186. 7:07just there for you and you don't have to
187. 7:08adjust the settings the other benefit of
188. 7:10this indicator as I have discussed in a
189. 7:12previous video how to back test properly
190. 7:15you can watch that right here so when I
191. 7:17showed you guys how to back test I told
192. 7:19you to only look at the times that you
193. 7:22normally trade every single day and with
194. 7:24this indicator you get a blue cloud
195. 7:27showing you exactly your trading window
196. 7:29which you can adjust in the settings
197. 7:31right here in the inputs the fourth menu
198. 7:34option down you can select the time zone
199. 7:36either to New York session or the London
200. 7:39session or even the Tokyo session and
201. 7:42most of you guys are in the US so you're
202. 7:43just going to leave this at the standard
203. 7:45settings on the American session you can
204. 7:47also choose which days of the week that
205. 7:49you trade so if you don't trade Monday
206. 7:51or Friday because those are like trap
207. 7:54days you can just untick these two boxes
208. 7:57and you won't get a cloud over that
209. 7:59period small adjustments can be made but
210. 8:02you literally do not have to change any
211. 8:04of the settings of this indicator I
212. 8:06don't really like using the 100 moving
213. 8:08average so we actually gave you an
214. 8:10option to turn that off and that'll
215. 8:12remove the yellow line and you'll just
216. 8:13get the white the green and the red now
217. 8:15you guys know that I'm a huge fan of
218. 8:18using the RSI to show you the momentum
219. 8:21which direction the price is going to go
220. 8:23I like to be looking at buys when I'm
221. 8:26above the 50 level on the RSI and sells
222. 8:29when I'm below the 50 level on the RSI
223. 8:31so the standard way that I have my RSI
224. 8:34set up is the RSI is yellow there is no
225. 8:37upper band and no lower band there's no
226. 8:40Cloud here it's just got a standard line
227. 8:43across the 50 showing me bearish
228. 8:45momentum and bullish momentum and what's
229. 8:47added on here as a benefit is kind of
230. 8:50like a floating moving average between
231. 8:53that 50 level across different time
232. 8:55frames so whichever time frame you're on
233. 8:58this additional white line is going to
234. 9:00give you a better representation of when
235. 9:02it actually drops into that downtrend
236. 9:05momentum or conversely uptrend momentum
237. 9:07so at this point right here we crossed
238. 9:10below that floating moving average and
239. 9:12right here is going to be your entry
240. 9:14point cross reference that with your big
241. 9:16engulfing candle indicator and you could
242. 9:19have actually waited for this move to be
243. 9:21100% positive to get here either one of
244. 9:24those two entries would have still got
245. 9:26you in profit and the last thing that
246. 9:28this indicat does for you guys is give
247. 9:31you and show you a visual representation
248. 9:34of divergences so you guys know I like
249. 9:37to use divergences to show me a reversal
250. 9:40in the trend divergences happen when you
251. 9:43create lower lows on the price action
252. 9:45and higher lows on the RSI so right here
253. 9:48we have two lower lows let's draw a
254. 9:50trend line across that and you can
255. 9:52clearly see it now looking at the RSI at
256. 9:55that exact same time frame we are
257. 9:57creating higher lows this indicator now
258. 10:00prints a bullish Divergence signal on
259. 10:03the RSI for you once you got that signal
260. 10:06you have a general idea that the trend
261. 10:08might start reversing at that point and
262. 10:10you can get in on the trend reversal to
263. 10:12the upside this indicator literally does
264. 10:16everything that I teach in every one of
265. 10:18my videos now if you pair this with
266. 10:20marking up support and resistance levels
267. 10:23as I taught in my naked trading video
268. 10:25and we get a fat rejection off of a
269. 10:28previous level of resistance creating a
270. 10:30new support with a big three-line strike
271. 10:34bullish engulfing high up on the RSI you
272. 10:38can take these positions to the next
273. 10:40Zone this is going to be your ultimate
274. 10:43way to trade do your markups on your
275. 10:45chart toss up the indicators that we
276. 10:47provide for you guys for free and you're
277. 10:49going to be very successful in your day
278. 10:51trading I've been wanting to do this for
279. 10:53a while and I've been talking to
280. 10:55developers but luckily just I don't know
281. 10:58how it happened but somebody in the
282. 11:00community decided to take the initiative
283. 11:02likes what I'm doing and giving free
284. 11:05education and free information to people
285. 11:08and he decided to create this indicator
286. 11:10based on my entire trading strategy and
287. 11:13now we're offering it to you guys for
288. 11:15free as long as you join the Discord
289. 11:17group and just click those links that's
290. 11:19the mission of this channel to get
291. 11:21everybody to quit the job that they hate
292. 11:24to make money online to work whenever
293. 11:27they want wherever they want and this is
294. 11:29just just another step in the process to
295. 11:31getting all of you guys in profit I'm so
296. 11:34incredibly thrilled about this and I
297. 11:36really hope you guys take advantage of
298. 11:38this so if you have not already join the
299. 11:40Discord group put those indicators in
300. 11:43your favorites list and start getting
301. 11:45profitable to really utilize this
302. 11:47indicator and this strategy to the
303. 11:49fullest you must first understand
304. 11:52support and resistance levels so learn
305. 11:54that first by watching this video right
306. 11:56here and if you guys got some value out
307. 11:58of this video and you like the way that
308. 12:00I teach and you appreciate all the stuff
309. 12:02that we are all doing for you guys make
310. 12:05sure you're subscribed to the channel by
311. 12:06clicking this button right here thank
312. 12:08you so much for watching and we'll see
313. 12:10you in the next video dude this is
314. 12:12seriously like a game changer