There is a common question that I get on all of my videos when I do my daily Bitcoin updates for you guys and that question is going to be answered in today's video I am of course talking about all of the indicators that I useIn order to trade my system so in this video I'm going to be going through all of them with you and give you a brief explanation on how to use them properly now the reason that I choose the indicators that I do is because they allow me to have a high level ofAccuracy but that can only come from really understanding extremely well how to use the indicators to their best potential being able to cover all of that in one video is going to be an impossible task but this video at the very least will give you the first Stepping Stones towards understandingThe indicators that I use for my trading strategy so before we get into all of that Alpha if you are new here welcome if you're returning welcome back even if you've been watching this channel for quite some time this video is going to be of value to you because it's going toHelp you to further understand why I say the things that I say on my usual daily updates be sure to smash that like button hit subscribe if you're not already subscribed so that you can be notified every time I upload a new video now let's get into these indicators soWhat you're looking at on the screen here is everything that I use on a daily basis there are other indicators that I will bring in in at different times if these indicators aren't giving me enough information but for the most part these are my kind of go-to indicators and theFirst one I'm going to talk to you about is a public script that we actually created at trade travel chill was created by my community members and that is available for anyone to use that indicator is called the market session times to grab it you just go up toIndicators in the search bar you can type Market session times and then look for the one that comes up as trade travel chill that's the one that you want to click on now just so you can see it clearly I'm going to to turn off my other indicators and this is what theMarket session times on its own will show you number one down here you can see that it has the different time zones marked out for you you can also see slightly shaded background here for a small period of time which I'll explain and then finally we also have MoonCycles now I use Moon cycles and astrology in my trading when I need to go in depth and I'm looking for the longer term swing trades I find astrology tied in with my trading method to be very very accurate for that but if that's not something that you believe inOr that you're into or whatever you don't have to use this part so let me just show you how to change the settings on this indicator if you go to market session times click on the settings it's the very first option there so if you don't want to use moon cycles justUntick that and the moons will be gone completely some other things to explain down here is that you have options to shade did the entire background if you want to you'll just click on these gaps here and that will shade them I prefer to have the shading off other than theDead Gap Zone and I prefer the dots down the bottom so if you want the dots as well then you just keep these ticked off and then you can also choose whether you want these dots to be at the bottom or at the top of your chart simply here byChoosing top or bottom now when you go down to a 15 minute time frame you can see that a little bit more clearly so here it shows the start of the Asia session is where the gray dot starts and the Asia session ends at the end of thatTurquoise dot there so there's a little Gap in between each session and that's because there is a gap change over whether market makers communicate with each other so that Gap there is to show you that this is the change over session that is there intentionally and then theSessions are labeled with what session is starting the Shaded area that you see here but it's very very slightly shaded that is the dead Gap Zone and that is the Zone where no market makers are on duty so it's a highly manipulated Zone there are ways to understand the priceAction in the dead Gap Zone to get your trade for the day but that's kind of complicated we won't go into that the better thing to know about this is that if you're learning to trade this zone right here is best to be avoided simply because it's unpredictable because ifThe market maker is off duty that means the volume drops and when the volume drops it's easier for whales to come in and manipulate price action and you kind of don't really want to be a part of that now moves are made usually within the Gap so the best time to get yourTrades is within gaps either between Asia to UK or UK to us and again that's why it's shaded the turquoise color that you see now I've changed these colors to be my preferred colors once again in the settings if you want these are where you change the colors you can change them toWhatever you want and the extension is that turquoise part right there you don't have to use that if it's not important to you but for us we want to know when that extension is coming because the extension at the end of Asia and UK is the setup for what the nextSession is going to do so when you understand this method in full those dots and why they're shaded a different color they become a little bit more important to you now on a Friday these will stop shading the dots because it's only shading the market session timesWhich is from Sunday 5 p.m New York to Friday 5 p.m New York the rest of the time is non-tradable time so we don't include those times and the other thing to note too is that we have set this to always be New York time so no matterWhere you are in the world you don't have to worry about this matching up you don't have to worry if daylight savings changes time zones or anything like that it's always going to be configured to New York time and what that actually means is that you can use the dots toAutomatically know New York time but down here which you may not see because I might be in the way let me just get rid of myself so down here where it has the time zone you can actually have that on your own time zone so let's just sayYou live in Sydney you select Sydney when you're scrolling over a certain period of time that's going to show you the time for you so in this case 10 15 a.m but that is Asia open on that dot there which is actually in New York time hope that's not too confusing now let'sMove on to the next indicator and the next indicator is called trade by design it is one of our indicators and it is a custom locked indicator it's only available to our premium members that have a membership with us it doesn't cost anything to have it it's just partOf the membership so if you're not a member of TTC you won't have access to this indicator but I'll still talk you through how it works because you can manually draw these things out it it's just a little bit time consuming but it's possible and you can also find someOf these things in other indicators the advantage with the TBD indicator is just that it's all done for you within the one indicator and on that note if you are wanting to learn our methods in full consider joining us down in the description of this video you will findMy Traders toolkit if you click on that it's going to give you the link to our website where you can learn more about our courses in our community and what we have on offer it's also going to give you links to the exchanges that we use and access to get trading fee discountsAnd things like that so make sure you check out that Traders toolkit down below and now I'm going to explain to you this trade by Design indicator so you can see here that it's done a few things first of all it's colored my candles and all sorts of funny colorsWhich I'll get to that in a second we've got a number of EMAs that you can see here there's five in total and it's also got some funny looking lines across at different points in the chart now what this indicator does is it marks out for me automatically some very key levelsThat I need to know about price action that has happened in the day or the week prior that are going to act as magnets for Price action in the next coming week so one thing that it automatically marks out for me is what you can see hereThese two big lines at the top and the bottom right here that's marking the high and the low of the week so it's the highest point that price went in the week prior to the week that I'm trading and the lowest point that price went inThe week prior to the week that I'm trading those become key levels because they're either going to become an area where price bounces in the next week you can see down here this was the low of the week and again these shaded backgrounds show you each day so MondayTuesday Wednesday Thursday Friday we have no shading here so that's the weekend but you can see here that as we hit that low there moved away price came back to it in the fall following week so price acts as a magnet even up here atThe high of the week price it tried to make an attempt to come back for it at another period in time so the highest and the lowest point the price went in the week prior to the week that you're trading is a very very significant levelThat you need to know every week now you absolutely can just grab yourself a trend line and manually draw these out every week we used to do that in the community before we had our amazing community members designed this indicator so it is possible and to be honest it's good practice as wellBecause it makes you conscious of those levels but now if you're in the community you don't have to manually do them then in addition to that the next level that is really really important is behind the law of the day which acts on the same principle only difference beingIt's marking the highest point and the lowest point that price went the day prior to the day that you're trading as opposed to the higher the low of the week which is the week prior to the week that you're trading so they're markedOut day by day and if you see a high and a low of the day on this day which is a Monday it's referring to the day prior if you see a high and a low of the day on a Tuesday it's referring to the highest and lowest point that price wentOn the Monday and so on and so forth and again these act as magnets for price to return to those areas you can see down here that price whipped into the low of the day shifted away came back weeked into the low of the day again here weHad a high of the Day created price shifted away and came back to the high of the day and that's what it will continue to do until it eventually decides to break down and reverse from that area or push through it and then goTo create a new high of the day and then finally we have the last level which is the initial high and low of the day and the initial high and low of the day is the period in Asia time zone for the current day that you're trading so it'sThe high highest point that price went in your current Asia session and the lowest point the price went in your current Asia session we need to know those because once they're both set and they hold for about a 90 minute period of time that's when it's considered safeTo trade so there's certain things that we look for with the initial High and the low of the day in Asia because Asia is setting the trading range and it's setting up for UK and us to either then break the range to the upside or breakThe range to the downside which we can see here initial low of the day set initial high of the day set and then in the next session here UK at this point in time prices try to break it and it has not broken above it yet but it'sTried to break above it to create a new high of the day potentially rejecting so this is what we look for we look for failed or successful attempts to break initial highs and lows of the day to give us a hint on what direction priceIs going to go in for the rest of that particular day then we got the EMAs the EMAs that we use are the 10 20 50 200 800 no matter what time frame we're trading those are always our EMAs when price is breaking down out of an uptrendOr it's breaking up from a downtrend we first want to see price cross the 10 and 20 EMA but our 50 EMA is always the one that confirms a trend change so from here as an example if this were to be an M formation right now what we'd beWaiting for next is for it to break the 50 EMA which is the blue one and if it breaks it and retests it we're then going to expect that we're going to have another two level drops down and it also works in Reverse again no matter whatTime frame you're trading on we always wait for the 50 EMA to be broken with volume and then retested the 200 can often act as a Target and the 800 also often acts as a Target or both of them as resistance so can be a Target to takeProfit or it can be a target for price to bounce for in entry just depending on where you actually are in the cycle and then finally let's talk about these colors so these colors come from an indicator called pvsra and you're actually going to add that one as wellWhen you type that in you'll see it comes up here pvsra volume cream grack I think it is but if you add that one it actually adds this volume bar down here and we want to use those in combination with each other so if you don't have theTBD system indicator but you want to color your candles as well you can go to the settings of this volume one here and you just click on set pvsra candle colors that will change your candle colors as well sometimes you then have to go to your settings of your chart andYou have to turn off your body's borders and weeks because they kind of conflict but if you're finding that it's not changing your candle colors this will be why then in addition to that depending on what you're charting now I try trade on okx Exchange so as you can see upHere I have the okx chart up currently but because this is tracking volume I want to know the volume that is the highest or where most people are trading I want to know that exchanges volume So currently most people trade on binance so on the symbol here you just searchThe binance symbol for Bitcoin make sure it says binance here add that and then even though I'm using my okx chart because I need the chart for the exchange that I'm trading on to have the right price it will override the volume and it will set it on my okx chart soThat I know the volume on binance but I know the right price on okx so that's how you can do that so with pvsra you're looking for big volume spikes like this that gives you a hint that the market maker is around because the only peopleThat we assume this obviously is not a definite thing but we assume the only people that can come in and put that much volume into to one candle after you know a low volume period are market makers so that's why we want to know when they're showing up it also helps usTo know if volume is decreasing or increasing to expect further downside so when we're looking at these big spikes we're looking are they growing in volume to give you an example this green Spike right here when you have a look at this here that's moving to the upside andThen when we have a look at the next attempt this one here which is this stop hunt here that volume is actually growing in size when it goes the opposite way so when the volume starts to decline but you still have Rising price that's your hint that the moveMight actually be over soon and you count your levels and if you're at level three and you have you know declining volume and you have stop hunts and you have all those sorts of things then you'd expect a reversal to follow so that's pvsra and then the finalIndicator that I use on a regular basis is open interest and it's simply the op open interest one under the technicals tab nothing fancy about it you just click on that but when you do it's likely going to come up with an error so you just click on the settings and againYou want to override the symbol as well so if you're trading Bitcoin you will put in the Bitcoin symbol for binance for Perpetual by the way even on the pvsra make sure it's the Perpetual contract because these are for Futures Trading so you want the Perpetual volumeSo you override it to the Perpetual volume for binance and then click OK and then it will show up properly now just don't forget if you are trading other things and you're switching from chart to chart you might want to have different chart layouts because you're going to have to constantly change thatOverride symbol for me I really only just trade Bitcoin and ethereum so I have one chart set to bitcoin so I never have to worry about the settings and then I have another chart set to ethereum and that kind of keeps me making sure that I have the right volumePer the right coin because because if I went to change this for example to Ada then all of a sudden now I've got Ada price action on my chart but these volume are tracking binance Bitcoin chart and that's wrong so just be careful that you don't do that now if IGo back to bitcoin let's talk about this open interest I'm going to expand it so that it's easier to explain but essentially with open interest it's giving me an idea of whether the market maker is matching orders to set up a trap or are they offloading becauseThey're about to reverse price or what are they kind of doing so open interest Rises when there is an equal number of shorts and Longs so if a lot of people are longing there obviously would be some people shorting but if there is a discrepancy the market maker is meetingThe rest of those shorts and that's what causes open interest to rise so it's not a matter of everyone's going long or everyone's going sure it doesn't tell you the direction it's not about that it's about out how many people are committing to the market and that's veryVery important in this method because in order for the market maker to reverse price or to go for liquidations or to issue those stop hunts or things like that they need commitment from retail so open interest is a gauge for me to understand our retail giving that commitment that the market maker needsBefore they make the next big move and that's why I need to understand this very well when I'm trading and a few different ways I'll just give you some very quick key tips on open interest essentially you want to use it on smaller time frames so 15 minute or lessSo when price makes a sharp move like here we had a sharp fast move to the downside doesn't matter if it's the downside or to the upside but you see the open interest drop dramatically that's your hint that people are getting liquidated in that area so in order forPrice to go down and people to get liquidated in this period of consolidation here people must have thought that was the bottom and they must have opened long positions so because price went down the long positions were getting liquidated and on the other side of that as price isDropping there's not enough people to open long positions they just can't do it fast enough because you know you've seen these candles I'm sure how fast they move like humans can't keep up at enough of a rate to quickly go in and buy so you see this massive drop becauseOf the imbalance of one side dropping so fast and the other side can't keep up then when you have consolidating period like this right here and you have a rising open interest that means in that consolidating period of time people are happy to open positions so they're happyTo go long or short again it's irrelevant the direction what you're looking for is an understanding of whether or not retail are committing because that gives the market maker something to play with and in this case we can see immediately after that drop retail store this as a buyingOpportunity because the open in interest actually went higher than what it was Prior so many many people jumped on into positions here whether they went long or short and as a result that gave the market maker you can see in this price action right here it gave them so muchTo play with because they could send price up which liquidates the shorts then they came right back the other way with another stop hunt and liquidated the Longs then we went back into this consolidation period again right here now when you have if I stretch that outAgain you can see the same thing was happening so we Consolidated for a longer period of time here because people kind of were just chopping around but look at towards the end of that consolidation the open interest started Rising again meaning around here people were happy to commit to positions soThey did that but then the next part here is the next hint which is when you have a rising price but you have a declining open interest the market makers closing positions against you and that's actually bearish which we can say price peakedia and we did come down asExpected then the same thing happens all over again we go into a consolidation period they have a rising open interest at this point in time they're assessing what's on the board you can see Wicks to the high here you can see weeks to the low those weeks are inducing and testingRetail sentiment once they feel that they have an understanding of that retail sentiment they then make the next move so when you have Rising open interest and Rising price that's confluent right so it's opposite to what we had here where we had Rising price and declining open interest is bearishAnd led to a move to the downside but here we had Rising price and Rising open interest which should lead to a breakout to the upside so I'll put a cheat sheet on this screen just to give you an idea of in a very very brief nutshell whatEach thing means on open interest but it really does only count on really small time frames but yeah that's it that is an overview of the indicators that I use for my trading method I hope you found this video helpful if you did please consider leaving me a comment down belowLet me know if there's any other tools or things that you know that I use that you'd like me to go through and if you are considering joining the tribe to learn this method in full just head to the description of this video have a look for my Traders toolkit to access myWebsite for more details and grab those links to the exchanges to get not only sign up bonuses but also an ongoing 15 discount off your trading fees let me know your thoughts on these indicators in the comments below and I'll see you on the next one