YungTrader's Ultimate Indicator

[HSI1600]

@rovo - Make sure chart = scan criteria. Do not have a daily scan when looking at a different time frame. I made this mistake early on. For my bottom study I have the holy grail (the holy grail is their affirmation of what I am doing, I am sure that the parts in the Holy grail is accounted for int the ROC indicator that YT provided) and ROC indicator.

 

[captut]

@HSI1600 could you please share the ROC indicator?

 

[HSI1600]

@captut - From post#1 of this thread

 

[YungTraderFromMontana]

For those of you who want the fractal energy lower study that I will be using to make signals it is the lower study on this link. https://tos.mx/3x2Baa1
I personally will be using it, its an amazing way to visualize fractal energy and predict if the momentum will be strong enough on the break. For those of you who don't know fractal energy when it goes down a stock is said to be more trending and when it goes up it is said to be more consolidated. What you should be looking for on a breakout is many of the fe lines going down. The best way to learn how to use it is look back in time at previous breakout arrows and see what the fe looks like on successful ones rather then failed ones. If you guys are having trouble I'll add some pictures.
If anyone is wondering what exactly the study is it is fe lengths 2-20 plotted as lines. Therefore you capture every nature of the fe the last 20 bars and get an amazing picture of it. I'm loving it so far.

 

[HSI1600]

@YT - How do you add pictures to a post. It will not allow me to paste and asking for an http link?

 

[YungTraderFromMontana]

@YT - How do you add pictures to a post. It will not allow me to paste and asking for an http link?

It's annoying but you have to post on imgur and then take the image link. It doesn't let you post them directly.

 

[HSI1600]

@YT-
There appears to be two sets of lines, the ones with separation and the ones closer together. I am guessing the FE is the ones that you referred to as point up or down are the ones on top. What does the bottom group represent? Thanks for explaining how to post a pic.

https://imgur.com/a/IFyBFgf

 

[YungTraderFromMontana]

First off I thought the colors on the lower study would transfer but I guess they didn't. To accurately use the study color gamma2-5 dark yellow, gamma6-10 green, gamma 11-15 cyan, gamma 16-20 purpulish blue. I've found thse colors mix well together.
Here is a screeshot showing how to use it with this strategy on btc futures.

https://imgur.com/a/UFpzl0G

To take a trade you want either yellow to be leading down after it has been sparatic or all lines to be leading down. Arrows are where I would take trades, circled area is when I would avoid trading. Using fe will cause you to miss some breakouts but also massively increase your win rate.
Make sure you color code the gamma's or the study is useless.

 

[YungTraderFromMontana]

@HSI1600 good setup on ar, just be aware that if markets crash /ng will go down and it will bring down ar with it. Make sure you also have a bearish trade to hedge some risk. I can give you one if you want. Watch 3.1 as a key level on ar that it has to break through.

 

[Juston410]

Is there anyway to set the Fractal Indicator up for 3 or 5 min charts? Asking for a friend...

P.S. This this is AMAZING on the Daily plus looks cool as **** lol.

 

[YungTraderFromMontana]

It will work on any timeframe, just checked on intraday and it is tougher to read but still works. It may work even better if lengths are higher. Refer to the link higher above and then follow coloring directions on the following post. To change color after you copy the study go to settings.

 

[YungTraderFromMontana]

Remove gamma1 and gamma2 from the indicator. I've found its better without them.

 

[HSI1600]

Remove gamma1 and gamma2 from the indicator. I've found its better without them.

Do you leave the default for the Gamma Sectors colors unchanged? What do they represent?

 

[YungTraderFromMontana]

when I shared the study it messed up the colors. Look at one of my recent where I say what color to make the gamma's. It makes it much easier to read.

 

[Juston410]

It will work on any timeframe, just checked on intraday and it is tougher to read but still works. It may work even better if lengths are higher. Refer to the link higher above and then follow coloring directions on the following post. To change color after you copy the study go to settings.

Ya i just realized you just have to zoom in a little more. Thanks man!

 

[Juston410]

when I shared the study it messed up the colors. Look at one of my recent where I say what color to make the gamma's. It makes it much easier to read.

Dude im sorry but i gotta say it again! Your indicators are just amazing! Thanks for helping everyone out and doing all this. Now i just gotta figure out how to find the plays before they happen and actually wait on the stock lol. Thanks again!

 

[HSI1600]

@YT - I just want to make sure that I am interpreting this chart correctly. This is from a weekly scan.
1. Price broke resistance
2. Fe yellow is up = consolidation (?)
3. Bulk of Fe are sideways = consolidation (?)
4. Not a great candidate even though up arrow occurred (?)

https://imgur.com/a/jcINcAW

 

[YungTraderFromMontana]

@YT - I just want to make sure that I am interpreting this chart correctly. This is from a weekly scan.
1. Price broke resistance
2. Fe yellow is up = consolidation (?)
3. Bulk of Fe are sideways = consolidation (?)
4. Not a great candidate even though up arrow occurred (?)

https://imgur.com/a/jcINcAW

Ya I wouldn't chance it. Also some event must have happened to cause the massive candle earlier which means some big event could occur while holding. If bulk of fe is sideways then make sure that the yellow fe is clearly downward.

 

[HSI1600]

@YT - Much appreciated. Glad this is not a black box system and you are part of the community. I finally see the light at the end of the tunnel and it's not train but profit

 

[KKaiser]

@YungTraderFromMontana. Thank you very much YTFM. I am very new and trying to learn from all of you. So far, I like your indicator but haven't placed any real trade. Just out of curiosity, could you please share what time frame you look while trading, meaning day you have multiple charts on flex chart say 1D1M, 5D5M, 10D15M, 1Y1W. The reason I am asking, recently I did few trades on 1D1M and its very volatile but safe, b'cause I can enter exit while being a bag holder, but when I see 5M chart its different story. Sometime it looks like holding for 15M is better for exit than exiting the next second after buying.
Any suggestions are welcome and much appreciated.

Once again thank you very much for your efforts and help to novice like me.