https://i.imgur.com/T8Geiua.jpg 

I am extremely excited to present the Logical Trading Indicator V.1, a powerful tool designed to assist traders in making well-informed decisions in the ever-changing world of financial markets. This version is being offered for FREE, and it's just the beginning of our journey. 

A more advanced Version 2.0 is available on the [store](https://logicaltrading.academy) (fiat payments here) as well as the [Hivelist Store](https://hivelist.store/product/logical-trading-indicator-v2/)(crypto payments here), and is packed with additional features, filters, and customizable settings to cater to your specific trading needs. You will also get lifetime updates and access to the code for one flat fee! 

But let’s talk about V.1 that you can get started with NOW for FREE on [TradingView](https://www.tradingview.com/script/hMUO7yqK-Logical-Trading-Indicator-V-1/)!

## Features of the Logical Trading Indicator V.1

### ATR-Based Trailing Stop Loss
The Logical Trading Indicator V.1 utilizes the Average True Range (ATR) to implement a dynamic trailing stop loss strategy. You can customize the sensitivity of your alerts by adjusting the ATR Multiple and ATR Period settings. Higher ATR Multiple values create wider stops, while lower values result in tighter stops. This feature ensures that your trades are protected against adverse price movements. For best practice, use higher values on higher timeframes and lower values on lower term timeframes.

### Heiken Ashi Candlestick Signals
By default, the indicator generates signals based on Heiken Ashi candles. However, you have the flexibility to switch back to standard candlesticks if you prefer just by toggling off the setting.

### Bollinger Bands
The Logical Trading Indicator V.1 includes Bollinger Bands, which can be customized to use either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as the basis. You can adjust the length and standard deviation multiplier of the Bollinger Bands to fine-tune your strategy. The color of the basis line changes to green when price is above and red when price is below the line to represent the trend.

The bands show a range vs a single band that also represents when the price is in overbought and oversold ranges similar to an RSI. These bands also control the take profit signals.

You also have the ability to change the band colors as well as toggle them off, which only affects the view, they are still active which will still fire the take profit signals.

### Momentum Indicator
This indicator offers a Momentum Indicator option that highlights market momentum directly on the candlesticks, identifying periods of bullish, bearish, or consolidation phases. You can enable or disable this filter as needed, providing valuable insights into market conditions and ensuring you are making trades in a trending market vs a consolidating market. By default, you will see the candlestick colors represent the momentum direction as green or red, and consolidation periods as white. This can also be toggled off in the settings.

### Buy and Sell Signals
The Logical Trading Indicator V.1 generates buy and sell signals based on a combination of ATR-based filtering, Bollinger Bands, and Momentum conditions if that filter is being used. These signals help you make informed decisions about when to enter or exit a trade.

### Take Profit Signals
I have integrated a Take Profit feature that helps you identify points to exit your trades with profits. The indicator marks Long Take Profit when prices close below the upper zone line of the Bollinger Bands after the previous candle closes inside the band, suggesting an optimal point to exit a long trade or consider a short position. Conversely, Short Take Profit signals appear when prices close above the lower zone after the previous candle closes inside of it, indicating the right time to exit a short trade or contemplate a long position.

### Alerts for Informed Trading
The Logical Trading Indicator V.1 comes equipped with alert conditions for buy signals, sell signals, take profit points, and more. Receive real-time notifications to your preferred devices or platforms to stay updated on market movements and trading opportunities.

This indicator is designed to empower traders with data-driven alerts, helping you navigate the financial markets more effectively. It serves as a valuable addition to your trading toolkit. 

## Add It To Your Chart Today!

So go to TradingView now and add the Logical Trading Indicator V.1 to your favorites list today! And if you could give it a boost 🚀 on [TradingView](https://www.tradingview.com/script/hMUO7yqK-Logical-Trading-Indicator-V-1/), I would really appreciate it!

Just scroll to the bottom of the [description page](https://www.tradingview.com/script/hMUO7yqK-Logical-Trading-Indicator-V-1/) and hit "Add to favorite indicators". 

 https://i.imgur.com/SUzORT1.png 

Or, just simply go to your indicator section of your charts and search for the "Logical Trading Indicator V.1" and add it from there!

 https://i.imgur.com/WDIbYXE.jpg 

#### NOTE: Instructional and strategy videos coming soon!

## Wanna get on a path to financial freedom?

### Join the Logical Trading Academy!

https://logicaltrading.academy

#### Trading Education | Trade Community | Trade Alerts | Market Analysis | Trading Indicators and Strategies

### Get my 'Anyone Can Be A Trader' eBook Today!
Just getting started as a trader? Check out my latest book that can give you some direction for your trading journey! 

'Anyone Can Be A Trader' is available on the [Gumroad store](https://logicaltrading.gumroad.com/l/anyone-can-be-a-trader?layout=profile) if you want to pay with a card as well as the [Hivelist Store](https://hivelist.store/product/anyone-can-be-a-trader-ebook/) is you want to pay with crypto!

### Get edge in the markets with the Logical Trading Indicator

Get this game changing indicator that can help you gain some serious edge in the markets while still living your life!

Get the [Logical Trading Indicator](https://logicaltrading.gumroad.com/l/logicaltradingindicator?layout=profile) from my Gumroad Store today!

### Hive Users Get Get the Full Bundle NFT

Hive users can get both the eBook and trading indicator with this limited edition bundle offer on @nftshowroom! Only 200 NFTs available!

Get the [Hive NFT today](https://nftshowroom.com/gallery/thelogicaldude_chart-art_logical-trading-indicator)!

### Additional Blog Locations

Many of my cryptocurrency related articles can also be found on my crypto research site, [Coin Logic](https://coin-logic.com).

My main trading education related articles can be found on the [Logical Trading Academy Blog page](https://logicaltrading.gumroad.com/posts).

### Disclaimer:

*The information in this trade journal is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.*


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