TL;DR We are going to introduce a secret indicator that greatly outperforms the majority indicators in the market. Let’s break it down for you.

This one secret technical indicator outperforms parabolic SAR and ZigZag at determining better times to enter and exit the market.

This indicator can effectively identify market reversals and filter out price fluctuations.

Learn how to use this indicator to make more accurate trading decisions. Stick around until the end for a surprise.

Understanding Parabolic SAR

The Parabolic SAR indicator uses a series of dots to show potential reversals in price movement. The dots are placed above or below the price depending on whether the asset is trending up or down.

When the dots cross the price, it signals a reversal. For example, if the dots are below the price and then cross above it, it means the trend is likely to reverse and start moving down.

While this indicator is popular for identifying reversals and setting stop-loss levels, it only works best on markets with a well established trend. It can be unreliable in choppy markets. It should not be the sole basis for trading decisions.

Unveiling the Zig Zag Indicator

The Zig Zag indicator connects swing highs and swing lows with straight lines to simplify and identify market trends or reversals. It eliminates market noise and helps traders identify support and resistance levels.

However, it is a lagging indicator, meaning it only identifies trends that have already occurred. It is useful for confirming existing trends and spotting potential reversals, but traders should not rely solely on this indicator. By the time the reversal occurs, it may be too late to enter the market.

The One Secret Indicator

There is an indicator that overcomes the limitations of both Parabolic SAR and Zig Zag while retaining their advantages. It’s called the TradeDots indicator.

This indicator uses price action analysis to label market reversal points on charts based on past performance. When there is a repeat in reversal chart pattern, the indicator signals the reversals on charts with a dot. It is accurate and tailored for different trading assets, providing almost instant signals for aggressive traders to enter and exit before the trend even happens.

While no indicator can predict 100% of market movements, especially in lower timeframes that are highly influenced by market news, TradeDots aims to label every available opportunity on charts for traders to decide when to trade with their own trading system.

When TradeDots appears on a chart, it indicates a trading opportunity. However repainting may occur if the market price breaks through the signal, but traders can adjust the indicator settings to read all the signals.

Is TradeDots The ONLY Indicator That You Need?

If TradeDots is so powerful in spotting potential reversal points, then could we make millions of profits just by referencing the TradeDots labels?

Trading is complex, and different traders have different trading approaches, either fundamental or analytical. Traders can combine TradeDots with other indicators like parabolic SAR to confirm entry and exit positions when both indicators give the same direction forecast.

TradeDots helps trader to enter and spot new trading opportunities early, and parabolic SAR helps traders focus on the market trend.

TradeDots also works well with other technical indicators including MACD, Keltner channels, as well as utilized for different technical analysis strategies including Elliott waves and Fibonacci retracement.

Bottom line

Trading is so flexible, and there is no one-size-fits-all solution. Paid trading indicators in the market are often a combination of different free indicators that fail to provide value across different timeframes, assets, and trading styles.

TradeDots is designed to help traders integrate it into their own system and test it with other indicators that work best for their style, so It can be optimized for the timeframe and market they trade on.

About TradeDots

TradeDots is a TradingView indicator that identifies market reversal patterns through the implementation of quantitative trading algorithm on price actions. Try our 7-day FREE Trial to level up your trading game.

Set up your personalized trading alerts using our Telegram Bot, so you can now trade effortlessly without gluing to your screen. Join us now to experience TradeDots across all trading assets!

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Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading involves risk, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. Prospective investors are encouraged to perform their own due diligence or consult a financial advisor before making investment decisions.