1-Indicator Strategy For Beginners...The Stochastic
Hey Rich Friends,
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you....The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to add to your chart. The only thing that I modify is the thickness of the lines but feel free to make further changes to your liking.
2. Make sure that the "indicators and financial values" option is ON. Right-click your scales, select labels, and make sure "indicators and financial values" is checkmarked.
Entry signals for a buy:
- The STOCH is facing up
- The fast line (blue) is above the slow line (orange)
- The STOCH has crossed above the 20% level, from oversold, back into the blue-shaded area
Exit the trade or take profit once the STOCH has crossed back below the 80% level, from overbought, into the blue-shaded area.
Entry Signals for a sell:
- The STOCH is facing down
- The slow line (orange) is above the fast line (blue)
- The STOCH has crossed below the 80% level, from overbought, back into the blue shaded area
Exit the trade or take profit once the STOCH has crossed back above the 20% level, from oversold, into the blue-shaded area.
I hope that this video helps someone become a more independent and profitable trader. Let me know in the comments if you try this strategy!
Peace and Profits,
Cha
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you....The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to add to your chart. The only thing that I modify is the thickness of the lines but feel free to make further changes to your liking.
2. Make sure that the "indicators and financial values" option is ON. Right-click your scales, select labels, and make sure "indicators and financial values" is checkmarked.
Entry signals for a buy:
- The STOCH is facing up
- The fast line (blue) is above the slow line (orange)
- The STOCH has crossed above the 20% level, from oversold, back into the blue-shaded area
Exit the trade or take profit once the STOCH has crossed back below the 80% level, from overbought, into the blue-shaded area.
Entry Signals for a sell:
- The STOCH is facing down
- The slow line (orange) is above the fast line (blue)
- The STOCH has crossed below the 80% level, from overbought, back into the blue shaded area
Exit the trade or take profit once the STOCH has crossed back above the 20% level, from oversold, into the blue-shaded area.
I hope that this video helps someone become a more independent and profitable trader. Let me know in the comments if you try this strategy!
Peace and Profits,
Cha
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.