Welcome back Traders happy to have you here today in this short video I'll show you how to build a powerful trading strategy with the range sentiment profile indicator to detect trade opportunities in the market the range sentiment profile indicator is inspired by the volume profile and aims to indicate the degree of bullishBearish variations within equidistant price areas inside the most recent price range I believe trading should be made simple and not to be rocket science this indicator's working concepts are simple to understand thereby making it one of the best trading indicators beginners can use to build the consistent and reliable trading strategyIn the market to apply this indicator on the trading chart s the keyword the range sentiment profiling and select the range sentiment profile indicator on the trading view indicator folder here as we can see here is the trading indicator before I proceed to educate you about how this trading indicator works I needTo highlight indicators and their purpose so you can have a quick understanding of how the indicator works to do this we need to right click on the indicator here are the parameter settings of the indicator it's advisable to leave the default settings there is the length this is the mostRecent bars used for the calculation of the indicator by default it is set up to 80. rows this is the number of price areas the price range is divided into by default it is set to 20. use intra bar this option uses intra bar data to compute the range sentimentProfile checking the Box will activate this option time frame this is the intra bar data time frame by default it is set to one minute next is the style section the width is the bin width percentage this is used to determine the length of the return profile bin as a percentageOf the length setting a blue range background indicates a majority of bullish variations within each area while an orange background indicates a majority of bearish variations within each area users can easily identify the areas with the most bullish bearish price Variations by looking at the bullish bearish maximumsHow does this training indicator work in the market the most bullish bearish price areas are highlighted through lines extending over the entire range this tool can be used to easily determine if a certain price area contains more significant bullish or bearish Price variations this is done by obtaining an estimate ofThe accumulation of all the close to open variations occurring within a specific profile area it can be of interest to see where profile bins might have no length these can indicate price areas with price variations with alternating signs bullish variations are followed by a bearish sign and similar body they canAlso indicate a majority of either bullish or bearish variations alongside a minority of more significant opposite variations these areas can also provide support resistance as such pricing entering these areas could reverse the range sentiment profiles design is similar to the way a volume profile is constructed first the maximum minimum values overThe most recent length bars are obtained these Define the calculation range of the profile the range is divided into rows of equidistant areas whenever the price lies within a specific area if it's the case we accumulate the difference between the closing and opening price for that specific areaLet the difference equal close minus open the length of the bin associated with a specific area is determined as follows length equals width divided by 100 multiplied by area Max where area is the accumulated D within the area and Max is the maximum value between the absolute value of eachAccumulated D of all areas the percentage visible on each bin is determined as 100 multiplied by the accumulated difference within the area divided by the total absolute value of difference over the entire range for the intra bar calculation when using intrabar data the range sentiment profile is calculated differently for aSpecific area and candle within the interval the accumulated close to open difference is accumulated only if the intra bar candle of the user selected time frame lies within the area this can return more precise results compared to the standard method at the cost of a higher computation timeTo buy with this indicator for the continuation of an uptrend step one watch out for a trending bullish Market Step two patiently wait for the price to make a bearish pullback in the uptrend step 3 watch out for a blue range background color to be formed on the price chart step 4 watch out for a strong bullish close above the bullish bin maximum area step 5 buy the clothes of the strongBullish clothes of the Candlestick above the bullish bin maximum area Place stop loss at some distance lower than the swing high or low in the bullish truck exit the buy setup whenever the indicator is transformed to an orange background color to sell with this indicator for the continuation of a downtrend step oneWatch out for a trending bearish Market Step two patiently wait for the price to make a bullish pullback in the downtrend Step 3 watch out for an orange background color to be formed on the price step 5 sell the clothes of strong bearish clothes of the Candlestick below the bearish bin maximum area please stop loss at some distance higher than the swing lower high in the bearish trend Exit the buy setup whenever the indicator is transformed to a blue background color you can see this indicator is one of the best and easiest trading indicators for swing trading strategy remember in order to have a high winning probability make sure you implement it to trade a trending Market [Laughter] [Applause] thank you