have you ever felt like your trading strategies are missing that extra Edge what if you could combine the strengths of three powerful indicators into one super powerful tool in this video I'm going to reveal the pulse oscillator by U algo a game-changing indicator that integrates the RSI the CCI and the stochastic oscillator into one cohesive system if you happen to find Value in this video remember to leave a like let's get into it now to get started with this strategy we need to add the pulse oscillator to our chart to do that we're going to
go to trading view which is the trading platform that I'm going to be using if you haven't signed up yet there's going to be a link in the video description for you to do that once you're all set up open the indicator search Tab and type in pulse oscillator be sure to select this one by U algo so what makes the pulse oscillator so special well this indicator is designed to capture Market momentum and detect Trend changes by combining the strengths of three well-known technical indicators which include the relative strength index the RSI we have
the commodity Channel index the CCI and the stochastic oscillator by integrating these the pulse oscillator provides a comprehensive view of Market conditions reducing the weaknesses of individual indicators and enhancing the reliability of trading signals the multi-indicator integration is crucial because it helps filter out noise and false signals that you might get from relying on a single indicator the CCI identifies cyclical Trends in trading assets and the stochastic oscillator Compares a particular closing price to a range of its prices over a certain period by combining these we get a weighted momentum oscillator that can adapt to
different market conditions now let's break down the different components of the pulse oscillator at the top of the oscillator you will notice an overbought level at the bottom there's going to be an oversold level these levels are going to help us identify potential reversal areas in the market now the main component of this indicator is going to be this trend ribbon which is going to be visible in the middle it's composed of two lines a fast line and a slow line these lines are going to be used to generate buy and sell signals a Buy
Signal is going to be triggered whenever a fast line crosses above the Slow line This is indicated by a blue dot on the ribbon conversely a red dot signifies a cell signal which occurs when the fast line crosses below the Slow line additionally this ribbon changes color to indicate the overall trend of the market a green ribbon indicates a bullish Trend and a gray ribbon indicates a bearish trend this visual representation makes it easier to interpret market conditions at a glance now looking at the settings of this indicator you will notice there's going to be
several customizable options most importantly it allows us to change the individual weights of the RSI the CCI and the stochastic indicators you can adjust these weights to emphasize one indicator or over the others based on your trading strategy you can also change the periods the smoothing techniques and the levels to fine-tune the indicator to your trading style for example you might increase the RSI period for a longer term view or adjust the smoothing method to filter out more noise however for this video I'm going to leave all the settings to their default values to keep
things straightforward now let's explore how we can use the pulse oscillator to trade on its own the oscillator provides clear buy and sell signal sign based on the Crossovers of the Fast and the slow lines as well as the color changes in the ribbon now here's a long trade example suppose you're monitoring the chart of AUD CAD on the 1H hour time frame you notice that the fast line crosses above the Slow line indicated by a blue dot simultaneously the ribbon turns to Green suggesting a bullish trend on top of all that this oscillator is
also emerging from an oversold area adding further confirmation well in this case you could consider uring a long position your stop loss could be placed below the most recent swing low and you might aim for a take profit based on a previous resistance level or you may even want to use a risk reward ratio of 1 to 1.5 now this indicator on its own it's pretty decent but in order to make it even better we have to add an additional confirmation indicator so we can craft a strategy out of the two let's add the pine
trades Market Beacon to our chart this combination is going to help us craft a more robust trading strategy once you've added it double click on it so we can access the settings on the input tab we want to disable the following options the buy label the cell label b s plot candle boxes labels indicator fails lines after that click okay the pine trades Market bacon is a powerful tool that provides additional buy and sell signals by customizing its settings we've streamlined it to display only essential information that we need this indicator is going to print
long and short signals directly on our chart helping us to identify potential Trend reversals or even continuations by combining these signals with those from the pulse oscillator we can increase the accuracy of our trades so how can we take long and short positions using these two indicators well here's an example for a long trade you first of all want to identify a Buy Signal on the pulse oscillator for that you want to look for a blue dot where the fast line crosses above the Slow line next you want to Mark the sign place a vertical
line on this Buy Signal for reference the next condition is going to be to check for a short signal to the left of this vertical line so look to the left of the vertical line and ensure that there was a short signal printed by the pine trades Market Beacon indicator before the Buy Signal the first condition is to confirm a long signal to the right look to the right of the vertical line and see if a long signal appears from the pine trades Market Beacon confirm the bullish Trend draw a trend line to ensure where
the market is trending upwards if all these conditions are met you have a valid setup enter a long position place your stop loss just below the most recent swing low set your take profit at 1.5 times your risk as the trade progresses you will notice that it moves in your favor and eventually it decides to hit the takeprofit this was a profitable trade keep in mind that the arrangement of these three signals must be exactly as described a Buy Signal from the pulse oscillator preceded by a short signal from the pine trades Market Beacon and
Then followed by a long signal any other Arrangement other than this should be considered invalid now for a short position we're going to do the opposite you want to identify a cell signal on the pulse oscillator look for a red dot where the fast line crosses below the Slow line Mark the signal you want to place a vertical line on this signal check for a long signal to the left you want to look to the left of this vertical line and ensure the was a long signal from the pine trades Market Beacon before the sell
signal confirm a short signal to the right you then want to look to the right of the vertical line to see if a short signal appears from the pine trades Market Beacon confirm the bearish trend draw a trend line to ensure that the market is trending downwards once you have these conditions you have a valid trade you enter a short position here place your stop loss above the most recent swing high so you take profit at 1.5 times the risk letting the trade run and it was profitable now remember the pine trades Market Beacon is
a private indicator I've only showcased it in this video because I believe it's a powerful tool that complement the pulse oscillator exceptionally well if you're interested in accessing it you want to click on this link down in the video description and it's going to take you to this page where you're going to get to try it risk-free for 7 days if you find it extremely valuable like I did you can purchase it for long-term use plus using the link in the description gives you a 20% discount so be sure to take advantage of that offer
that's been it for this video I really hope you found some value if you did hit the like button below and consider subscribing to stay tuned thanks for watching see you next time [Music]