š The AI Trend Navigator is an indicator that analyzes recent prices to identify market trends and potential future price movements.
āļø This indicator uses the K nearest neighbors algorithm to classify price action trends as either positive, negative, or neutral based on historical data.
š The average KNN classifier line in teal is used to identify long-term trends in the market.
š The KNN classifier is used to identify short-term trends in the market by combining two lines.
š¢š“ The background color indicates bullish or bearish trends, but we won't be using it in this strategy.
šš To trade using this indicator, we identify a bullish trend and then enter a trade after a market pullback.
š The KNN classifier is used to identify trends and pullbacks in trading.
ā šš For a long position, the KNN classifier should turn from green to red, indicating a pullback, and then back to green to confirm the end of the pullback.
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š The video explains how to identify long-term bearish trends using a white moving average and a red line that turns green.
š” Adding two additional indicators, Chandelier Exit and MACD, can improve this trading strategy.
šš¤š The Chandelier Exit indicator provides buy and sell entry signals to execute trades.
š The Trend Navigator indicator is used for long-term trend confirmations and identifying pullbacks in the market.
š The KNN classifier line being colored green indicates a short-term bullish trend.
š“ A pullback is confirmed when the green line changes color to red and price candles should not break and close below the white line.
š The chandelier exit indicator provides buy signals during or after the pullback.
šŖ Bullish momentum is crucial for entering trades in the desired direction.
š The MACD indicator is used to identify trends in trading.
š¢ To enter a long position, the signal line of the MACD indicator must be above the zero line.
š“ For short trades, the price must be trading below the average line and the KNN classifier line should be colored red.
š The AI Trend Navigator is a trading tool that helps identify accurate market trends.
š” Traders should look for specific conditions, such as sell signals and bearish momentum, to enter a trade.
ā ļø The strategy showcased in the video is not financial advice, and traders should combine it with price action and extensive testing.
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