Free TradingView Indicator + 2 Minimalist Tools
Are you ready to supercharge your trading strategy?
Buckle up because today, we’re about to unveil an absolute game-changer that might just become your ultimate trading arsenal.
Picture this: combining the power of a Free TradingView Indicator with two incredibly powerful Minimalist tools.
Yes, you heard that right – this trio has the potential to revolutionize your trading game, and here’s the inside scoop on why it’s a game-changer.
What Makes This Setup Unique?
Let’s cut to the chase – what sets this trio apart from the rest?
Imagine having the ability to merge the power of Bollinger Bands in identifying extreme volatility with the crystal-clear signals generated by the Bottoms Tops Signal and RSI Exhaustion.
The result? A combination that amplifies your ability to seize lucrative trading opportunities while minimizing risks.
When Should I Use This Setup?
We already discussed the incredible power of the Bottoms Tops Signal and RSI Exhaustion in our popular article about Contrarian Investing.
Today, we’ll expand on that to explain an even better setup!
Now, you might be wondering, “When’s the perfect moment to deploy this powerhouse trio?”
The answer is as simple as the setup: when a specific event occurs.
What event?
The Bottoms Tops Signal and RSI Exhaustion independently provide solid indications of potential market shifts. However, when intertwined with the Bollinger Bands, their combined impact becomes even more pronounced.
In fact, the Bollinger Bands help gauge volatility, the Bottoms Tops Signal pinpoints potential trend reversals, while RSI Exhaustion identifies overbought or oversold conditions.
Ready? Let’s build the setup!
How To Build the Setup?
The prerequisites are very simple:
- Step 1: Add the Bottom Tops Signal and the RSI Exhaustion to your chart
- Step 2: Add the Bollinger Bands (free indicator on TradingView) and change
- Step 3: Set the Bollinger Bands length to 200
Set the Bollinger Bands length to 200 in the indicator’s Settings.
Now that the Bollinger Bands and the two Minimalist Trading Indicators are added to the chart, we can build the setup.
The first condition is that there’s a Bottom outside of the Bollinger Bands.
There’s a Bottom outside of the Bollinger Bands.
It’s seems like an already great setup but that’s not enough to guarantee it’s a high-probability setup.
In order to do that, we need to have at least two more conditions: the Price moves lower while the RSI Exhaustion moves higher.
The Price moves lower while the RSI Exhaustion moves higher.
So, let’s summarize the setup:
- Condition 1: There’s a Bottom outside of the Bollinger Bands.
- Condition 2: The Price moves lower.
- Condition 3: The RSI Exhaustion moves higher.
- Bonus Tip: The setup has an even higher probability if the RSI Exhaustion is exhausted (in the example above, the RSI line gets colored red when the Bottom forms).
As you can see, that single bottom was a tremendous trading opportunity. Of course, the same setup structure applies to Tops with opposite conditions.
Can I Trade this Setup Consistently?
Absolutely! This setup repeats itself over and over across different asset classes and timeframes.
Make sure to experience firsthand how this trio can elevate your trading by grabbing a 1-Week Free Trial of all Minimalist Trading Indicators.
It’s risk-free and has the potential to change your trading forever.
Is this Setup For Me?
Let’s be honest – not every setup works for every trader.
If you are looking for high-probability setups, with low-risk and big potential returns, this setup is definitely for you.
In fact, given the conditions discussed above, it is extremely likely that a major move will happen next – in our example, it was a major uptrend.
If instead, you want quick entries and exists, lower returns and you are a risk-taker, then this setup might not be the best for you.
The choice is yours but its simplicity and high-probability are worth a try.
Our Minimalist Trading strategies often triumph in their straightforwardness, and this setup is no exception.
By integrating these indicators seamlessly on TradingView, you gain access to a tremendous opportunity to elevate your trading forever.
In fact, the combination of the Bollinger Bands – available for free on TradingView – with the Bottoms Tops Signal and the RSI Exhaustion forms a robust trifecta.
Ready to take your trading to the next level?
