Highly Profitable Secret Strategy | RSI + Secret TradingView & MT4 Indicator

Description

Now let’s start implementing our strategy by heading to the indicators box and the search field type “halftrend” and choose the first indicator. Make sure that the name of the creator is ‘everget’.

Now, you have successfully plotted the indicator. This is how the indicator will look.

If you are using mt4 trading platform, then download indicator below video link. but in my opinion using trading view is much easier. Now, lets get back to this indicator.

On the indicator we can see that there are three lines. The central line is the actual half trend indicator. The upper and the lower lines are nothing but 2 ATR band that are placed above and below the indicator.

For the purpose of our strategy, we only need the central line. let’s make some adjustments to it, open the indicator settings then head to the style section, remove the upper and lower band by unchecking the show channels option. Another change is that we will change the amplitude value to 4.

Now the indicator is completely ready for our strategy.

So, when the half trend is blue. We will only look for buying opportunities. On the other hand, when the half trend is red, we will only look for selling opportunities.

Now let us talk about the second indicator that we will use in this strategy. That is the RSI indicator. The RSI stands for relative strength indicator. As the name suggests, the RSI indicator shows the relative change in price over a particular period of time. The default settings for the RSI are set to 14 period. Therefore, the RSI shows the relative change in the price over the last 14 candles.

For our strategy, we will modify the settings of the RSI to suit us. Hence, we will change the RSI period from 14 to 2. We will also change the Overbought Level to 90 and change the oversold level to 10.This will give us a fast moving RSI.

Now, we will combine the RSI and the Half trend indicator to catch small pullbacks in a trend.

I recommend using a 15 minute or a 30 minute time frame, For this video we will use the 15 minute time frame.

So what are the rules of the strategy:
A buying setup are as follows.
The half trend indicator should be blue
Wait for the rsi to drop below 10
Enter at the break of the high of trigger candle
Now let us look at the rules for selling:
The half trend indicator should be read
Wait for the rsi to crosses above 90
Enter at the break of the low of trigger candle