"Top 3 Trading Indicators to Skyrocket Your Profits"#TradingIndicators#StockMarketTips
"Unlock the secrets to trading success with the top 3 indicators that can skyrocket your profits! In this video, we'll dive deep into the most powerful indicators for maximizing gains in your trading journey. Don't miss out—these tools can make all the difference in your trading performance.
"Hello everyone! I hope you're all doing well today. We are going to dive into Lesson Five, where we'll discuss the top three indicators that you can use in your trading to maximize profits. These indicators are VWAP, RSI, and MACD.
Previously, we talked about using various tools on TradingView, including how to set up and use the moving average. Today, we'll focus on the three best indicators: VWAP, RSI, and MACD. I will guide you on how to use each one effectively and explain what they do.
Before we get started, if you haven't subscribed to the channel yet, please hit that subscribe button, like the video, and share it with others. This way, you won't miss any valuable content that I put out for free, and you'll always be notified when new lessons are released.
Let's begin by adding the VWAP to your chart. Right now, we're on a 15-minute interval. If you want to switch intervals, you can easily change to any timeframe, such as 2 minutes, 5 minutes, or 30 minutes, depending on your needs. Today, we'll also look at Yahoo Finance, which is a free alternative for those who don't have access to TradingView.
To add the VWAP, simply go to 'Indicators' on TradingView and search for VWAP. If you don’t see it right away, scroll down until you find it. Once you see it, click to add it to your chart.
VWAP stands for Volume Weighted Average Price, which means it helps identify price movement based on the volume of trades. When the VWAP line is above the price (candles), the stock is bearish—meaning it's going down. Conversely, if the VWAP is below the price, the stock is bullish and the price is going up. This indicator helps you spot market trends easily.
Now, I'll show you how to place the VWAP for different timeframes: 15 minutes, 5 minutes, or even 1 hour, depending on your preference. Most traders use the 15-minute interval to get a good overview of the trend.
As you can see on the chart, when the candles are below the VWAP line, the stock is in a bearish trend. This means the price is moving down, and it might not be the best time to enter a trade. However, if the candles are above the VWAP line, then the stock is bullish, meaning it's gaining value, and this could be a good buying opportunity.
The VWAP helps you identify whether the price is trending up or down, giving you a clear picture of the market movement. So make sure to practice adding the VWAP to your chart and observe how it interacts with the price to understand the trend better."**
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👉 If you found this valuable, make sure to hit 'Like' and 'Subscribe' for more trading tips and strategies! Let us know in the comments which indicator you use the most."**
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#VWAPStrategy#TechnicalAnalysis#TradingIndicators#StockMarketTips
00:00 Introduction
00:25 3 best indicators for your profits
00:57 how to use VWAP, the RSI & MACD
01:37 how to add VWAP into your chart
01:56 yahoo finance website is free to use
02:17 each interval means that interval day in the candle
02:53 each candle represents minutes interval
03:07 Now, how to add VWAP
03:36 look for VWAP OR Type it
04:02 what is a VWAP?
04:33 whenever the VWAP is below the candle the stock is bullish , whereas, whenever the VWAP is above the candle the stock is bearish
"Top 3 Trading Indicators to Skyrocket Your Profits"
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