Hello Traders! In this exciting video, we showcase a simple buy-sell indicator on TradingView that has generated an impressive profit of $10,547 through live trading. Watch as we take you through the process of using this powerful trading tool, its features, setup, and how it can help you make informed trading decisions. Whether you are a beginner or an experienced trader, this video is packed with valuable insights into the world of trading indicators. We provide clear examples of trades made using the SPS indicator, illustrating its effectiveness in real-time market conditions.
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First, let's learn about the trading tool. The buy and sell signal indicator we see in the chart is called the SBS ALGO indicator. The blue line indicator we see in the chart is called Shan Momentum Oscillator indicator.
Let's make a trading setup friends. We have open BankNinthi 5-minute chart. First of all click on TradingView indicator.
Here search in the search box. SBS ALGO. Add this indicator to the chart.
Now search in the search box. Shan Momentum Oscillator. Add this indicator to the chart. Now click on the settings of SBS All Go indicator.
Hide by below. Hide cell above. We have to change this ADX level option from 15 to 22. We have to change this oscillator MA type from EMA to SMA.
We have to change this signal MA type from EMA to SMA. We have to change this pivot length option from 20 to 10. We have to change this degree of slope option from 1.9 to 2. Save this setting. Now click on the settings of the Shan Momentum Oscillator indicator. Here, the length has to be changed from 9 to 6. Save this setting. Friends, our trading setup is ready.
Like the video, and subscribe to our YouTube channel. Friends, let's see some examples of trades. When the SBS All Go indicator gives us a buy signal.
then the line of the shan momentum oscillator should be above the zero level and if the market forms a bullish candle then all these conditions are fulfilled for this we have to take a buy order and our stop loss has to be placed at the previous low of the market and the risk reward ratio will be 1 to 1.5 let's see what happens to our trade our trade is running in profit We have won the trade. Let's find the next trade. When the SBS ALGO indicator gives us a buy signal, then the line of the Shand momentum oscillator should be below the zero level.
And if the market forms a bearish candle, then all these conditions are met. For this, we have to take a sell order. And our stop loss is to be placed at the previous high of the market. And the risk-reward ratio will be 1 to 1.5. Let's see what happens to our trade.
We have won the trade. Let's find the next trade. When the SBS all-go indicator gives us a buy signal, then the line of the Shan momentum oscillator should be above the zero level.
And if the market forms a bullish candle, then all these conditions are met. For this, we have to take a buy order, and our stop loss is to be placed at the previous low of the market, and the risk-reward ratio will be 1 to 1.5. Let's see what happens to our trade. We have won the trade.
Let's find the next trade. When the SBS ALGO indicator gives us a buy signal, then the line of the Shan momentum oscillator should be above the zero level. And the market forms a bullish candle, then all these conditions are met.
For this we have to take a buy order. And our stop loss is to be placed at the previous low of the market. And the risk reward ratio will be 1 to 1.5. Let's see what happens to our trade. Our trade is running in profit.
We have won the trade. Let's find the next trade. When the SBS ALGO indicator gives us a buy signal, then the line of the Shan momentum oscillator should be above the zero level.
And the market forms a bullish candle, then all these conditions are met. For this we have to take a buy order. And our stop loss is to be placed at the previous low of the market.
and the risk-reward ratio will be 1 to 1.5. Let's see what happens to our trade. Our trade is running in profit.
We have won the trade. Let's find the next trade. When the SBS ALGO indicator gives us a buy signal, then the line of the SHAN momentum oscillator should be above the zero level. And if the market forms a bullish candle, then all these conditions are met. For this we have to take a buy order.
And our stop loss has to be placed at the previous low of the market. And the risk reward ratio will be 1 to 1.5. Let's see what happens to our trade.
Our trade is running in profit. We have won the trade. Let's find the next trade.
When the SBS all-go indicator gives us a buy signal, then the line of the shand momentum oscillator should be above the zero level. And if the market forms a bullish candle, then all these conditions are met. For this we have to take a buy order.
And our stop loss is to be placed at the previous low of the market. And the risk-reward ratio will be 1 to 1.5. Let's see what happens to our trade.
Our trade is running in profit. We have won the trade. If you like this video and want to know more trading tips and strategies, don't forget to watch my other videos. I would love to hear about your experiences, so leave a comment below and let us talk about your trading journey.
Thanks for watching and happy trading.