This content introduces and explains a suite of custom trading indicators developed by "The Chart Guys" team, designed to help traders quantify their experience, identify entry/exit points, and manage trades more effectively.
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Hey everyone, I'm charting man Dan of
the chart guys. In this video, we're
going to go over our indicators and
going to describe essentially the
creation of these indicators, how they
can be utilized for entries and exits as
well as staying in trades and uh just
give you some some insight. Many of you
have some of these indicators that have
been included in, you know, membership
deals and things like that. But just a
little background, it's been a an
enlightening process creating these
indicators just because it requires me
to get out of my head as a trader.
Essentially, what we were looking to do,
you know, most of these indicators are
created from my style. We have Lori's
indicator which we'll look at couple
other ones but it's essentially you know
having to quantify
something that you know otherwise I'd
say for example I'd say a daily high or
low is the most likely scenario years
ago someone would say what do you mean
my brain says that it's the most likely
scenario from my experience that doesn't
really help someone else so I then had
to use Fibonacci to be able to quantify
and say when this happens this is the
most likely scenario. So, it's the same
thing with these uh indicators. You
know, I can say why did you buy here,
Dan? Well, I bought because we were at
extremes. What does that mean? What do
you mean extremes? I have to be able to
quantify. And so, it created a a system
where I as the trader take my experience
and I then have a conversation with
other chart guys team members who are
traders and developers. And it's almost
like translating what's in my brain into
a code that can then be quantified and
then utilized by by other people. Of
course, none of these indicators are a
fixall in terms of just do this and
you're going to be a profitable trader.
As we know, it is a number of a factor
of things. And I'll talk about
confluence of signals, which is
important for us to have a higher
conviction on certain setups. But uh
let's get into it. First things first,
this is the website. So chartguys.com/indicators.
chartguys.com/indicators.
There's a ton of information on this
website. So make sure and check it out
after this stream. Uh of course again
the 20% off sale. But every indicator if
you click on it, there's then a video
specific to that indicator explaining
it. So I'm going to explain it in this
webinar and then you know myself or
someone else is going to be explaining
it in a different way with different
examples in this video and you know some
written out examples and charts and
things like that. So definitely worth
checking out the website as well and I
posted that link in the chat if you
scroll back a bit and I'll post it in
the comments once this video is
complete. So again, uh, another good
resource to utilize for more information
to learn about these things. All right,
so first things first, we're going to
talk about the back burner. How many
times have you heard me say back burner
at this point in our lives? It is my
favorite. I have made the most money in
my trading career utilizing the back
burner trading strategy and it is ideal
in strong trending markets. I use it a
lot more in bull markets buying dips.
The reason being my trading career of 14
years, we've been in a bull market the
vast majority of the time. It does work
for bears when you are in a trending
bare market. In the 2022 bare market, we
were using it on the way down because we
were in monthly, weekly, daily
downtrends. But when you're in blue sky
breakout, there is no better indicator
for making an entry. And the reason I
call it the back burner is because you
don't want to chase something that's
going straight up. So you put the trade
on the back burner. You wait for it to
come to you and then the conditions set
up and you make the entry patiently
entering on consolidation to have better
riskreward rather than chasing.
So at this point we turn on the
indicator. This is RGTI. So, this is
your quantum computing stock that has
run straight up to the tune of 1 to
2,000% over the last bunch of months.
And the last thing we want to be doing
is chasing a name like this because when
it pulls back, even healthy
consolidation is a 20% drop on this
name. So, just an example, hourly, we
turn on the indicator here and we can
see what's this yellow, this yellow,
what's this red line? This red line
means the indicator is active. It's not
just hitting oversold conditions. What's
coded in is the context. We have to have
certain parameters reached in a breakout
for the signal to be active. And then
once it's hit, it's no longer active for
a while until the conditions reset. So
here back in
when was this? Thursday, December 19th,
we were in a blue sky breakout run.
We're coming from all-time highs. we hit
first hourly oversold conditions and
then from that point forward we see
another 200%. Now obviously not all of
these back burners are going to see that
kind of follow-through. Generally my
style of trading is I enter into a back
burner. I sell partial into the initial
bounce and then I stick my stop under
the low break even because in our
strongest uptrends that will mark a
longerterm higher low and we will see
continuation. If not, I stop out low
risk or break even. And uh there's, you
know, works on all time frames. If
you're a swing trader, all these
indicators, if you're a swing trader,
you're just focusing on longer term time
frames, weekly, daily, 4 hour, hourly at
the shortest term. If you're a day
trader, you know, hourly, 15 minute, 5
minute, even down to the two-minut. Uh
but, you know, the the hourly was a
great one here. You go to the 15minut.
What if it what if it triggers an
extended hours? I always have extended
hours on. For me, it it just means it's
the not the ideal scenario. The ideal
scenario is when the back burner
triggers in regular trading hours, I'm
not going to buy in extended hours,
generally speaking, if it hits, but it
just means to me if it's not ideal, what
does that mean? It means if I'm really
conservative, I skip it. I don't take
that trade setup and I wait for
something on a longer term time frame.
If I'm aggressive still, or maybe it
means I use a smaller position size.
There are multiple different ways where
if it's the ideal scenario, I'm more
aggressive. Or if it's the less than
ideal scenario, I'm less aggressive. So
on this day, back December 30th, the
15-minute back burner triggered
pre-market, but the 15-minute oversold
conditions from regular trading hours
still had a monster bounce on that
morning. So, it was just a less than
ideal scenario into that 25% bounce.
But again, I do like extended hours on.
I always have it on and it just means
ideal scenarios or not. So, I still pay
attention to it. And again, sometimes it
will mean, all right, 15-minute
triggered pre-market. I'm not going to
take the 15-minute oversold trade
because I'm being conservative. Or if
I'm going to try it, maybe I'll do it
with, you know, twothirds of the
position size that I otherwise would.
But, uh, again, can't speak highly
enough of the back burner. Easily my
favorite trading strategy, which means
it's easily my favorite trading
indicator. And again, when you're in a
strong trending market, as we have been
for the last two years in the broader
market, it is prime time. It's how I
made the most gains in 2017 crypto.
That's what led to me creating this as a
strategy and then eventually led to me
creating it as an indicator again with
the help of coders who know a lot more
than I do about coding.
So, Backburner is my favorite. Next,
we're going to talk about Superst. This
is our newest indicator. Turn off back
burner. Turn on superstack. So let's
talk about superstack first before we
look at it. Superstack indicator is
essentially when you are at extremes
across a multitude of time frames. So if
it triggers and you're on the hourly
chart, it means you're at certain
conditions on the hourly, the 15 minute,
the 5 minute, etc. If you're on the 4
hour, that means it's triggering on the
4 hour, the hourly, the 15 minute, the
five minute, etc. So, the longer term
the time frame, the more aligning all of
these shorter term time frames are. Why
I like this indicator and this signal is
because again, it shows extremes. I look
for it as an entry point.
And I just I have one more thing I got
to say about back burner confluence of
signals. Quick recap. I forgot to say
something. Pause there. All right. So,
RGTI confluence of signals hourly first
oversold back burner on December 19th
aligned with daily EMA 12. That's an
ideal condition. I have more conviction
in a back burner that is aligning on a
longer term looking for a higher low.
It's hitting an EMA 12 support and the
shorter term time frame is firing a back
burner. That's when I'm most confident.
And so that was an example of RGTI
confluence of signals means you have
higher conviction.
All right, apologies. So superstack a
bunch of time frames aligning.
And why I like this signal is because
let's say we're 4hour superstack
oversold extremes. Even if that doesn't
mark a long-term bottom, I know that we
will likely at least see a shortterm
bounce. Even if we don't see the 4hour
bounce play out from that point, I know
we will likely at least see a 15minute
oversold bounce play out from that
point. And with my trading style, that
means, you know, if I enter my position,
I scale out partial into a shorter term
bounce because it is counter trend. It's
just extremes counter trend. And then
that makes me in full control of the
trade by being able to. So, it it tells
me essentially you'll likely at least
get a shortterm bounce to position with,
even if it's not the longer term bounce
that you're looking for. And so, that is
key. One thing to note with both of
these indicators, back burner and
superstack, if there's a headline in
play, less than ideal scenario. Doesn't
mean it won't work. It just means it's
not ideal. The ideal scenario is when
these conditions are hitting and there's
no news in play. There's no headline
that's causing a massive drop. You know,
if if Tesla gets news that 100,000 cars
just blew up, the superst's not going to
work on the hourly time frame because
that's big major bad news. So, just be
aware that you want to be aware if
something is headline related or just
the technicals doing their thing. So,
Superstack when you're there's a number
of components here. When you're looking
at certain time frames, if you're
looking back historically, which is
important, you want to see how does this
indicator work on whatever asset or ETF
or stock that you're looking at. How
does it look at how does it play out
historically, you want to be zoomed into
the shorter term time frames because the
five minute is a factor in every time
frame and you can go back and look at
uh, you know, it essentially gives you a
more complete picture of all the
different time frames that have been triggering.
triggering.
That said, this is a heat map in the top
right corner which essentially gives you
a glimpse. This is telling me the RSI on
all these time frames. So, you know, RSI
on RGTI, the monthly chart, 87, the
weekly chart, 98. That's telling me
we're still at extremes on the longer
term time frames, even though short-term
we're not at extremes. So, that's a bit
of a way to keep a glimpse of things and
to be uh, you know, watching. And
another aspect of this of the super
stack, if you go into
the settings, I can put on the chart,
just like the back burner is the line
that shows you where it will trigger.
You can put that on the super stack as
well. So, let's just say RGTI, I want to
know where the hourly super stack would
trigger. There's my line. And so I could
say, all right, we would need to drop
down to the $14 range if an hourly super
stack were going to trigger from where
we stand at this point. So let's look at
a couple examples. First one being RGTI.
Going to turn off that
line for the moment. So RGTI, let's go
five minute on December 30th to show us
the 15minute super stacks. So this was
the one where the back burner fired in
pre-market. So did the super stack. So
again, not ideal for it to trigger in
pre-market, but it also triggered in
regular hours as well. And the 15minute superstack
superstack oversold,
oversold,
ended up with a 25% bounce. And then we
hit the 15minute superst. So what does
that mean? That means the 15minute the
fivem minute are both at extremes. that
marked the high of the day and we then
pulled back 7%. So essentially it can
help you if you're in a longer term
uptrend. The shorter term time frames
can help you buy the longer term higher
lows like a back burner can. But it's
also good for hey maybe it's time to
take some profit. So, for example, XLM Crypto.
Crypto.
XLM Crypto had a monthly superstack
fire. And we're going to look at it on
So, the monthly super stack fired on the
way up. Again, complete bull control,
massive breakout, running hundreds of
percent, and it triggered in the 44 cent
range. And it didn't mark the top,
right? I'm not just going to cherrypick
examples and find the ideal we nailed
the top and bottom on. No, that's not
how it works. This tells you, hey, it's
probably time to start thinking about
taking some profit. If you're getting a
super stack of overbought conditions
when you're riding an uptrend and you
know you've got some nice long-term
gains, that to me means start scaling
out some position. So, let's say you
know you exit a quarter at 45 cents, a
quarter at 50 cents, and then you let
the the rest run. We didn't again it
didn't nail the top. We kept running a
good bit further but you zoom out longer
term and we ended up pulling back you
know back down to towards 30 cents. So
from when it initially triggered yes we
kept running but if that's your signal
to start scaling out some profit then a
couple weeks later we're down you know
30% from where that trigger happens or
45% from the actual high that was hit.
So, if you're getting a super stack
overbought while you're in a strong
uptrend, take a little bit off the table
perhaps because again, the monthly
superstack tells you we are at extremes
on the monthly, the weekly, the daily,
the 12-hour, the 4 hour, the hourly, the
30 minute, the 15 minute, the five
minute all at the same time. And that is
extreme euphoria.
I'm going to use another example here.
uh the energy sector. So I recently
played the energy sector long for the
first time in a very long time. And the
reason that I did so again I didn't
have, you know, I didn't have the
superst indicator up when I'm looking at
this trade. These these indicators came
from my brain. I've got the super stack
hardwired in my brain through
experience. So I knew the daily chart
for XLE was getting very extreme.
Straight drop from the highs, almost a
waterfall drop. again the daily RSI at
that point down in the teens and
everything oversold and so that tells me
start looking for a long. So daily
superst fires
in the 83s we end up getting a little
bit more downside you know another day
another percent or so less than a
percent about a percent into the 82s and
that marks our climax bottom into this
oversold bounce. So again, just ideal
scenario of extremes. Was there a
headline to point to for the entire
energy sector? I'm sure you could come
up with something as the narrative that
was driving things, but there wasn't
anything that told me, you know, don't
take this trade. Another factor,
confluence of signals, extremely
oversold on all these time frames coming
up to support. This was the most
important support level for a long
period of time and we came up right to
it in extremes. Didn't quite test it and
now the bounce underway and again with
my style take partial profit. I now have
still in three quarters of this swing position.
position.
My stop is under this low and I can't
lose unless there's an insane gap down
on the world ending. So, partial
positions, confluence of signals with
some support. I just noticed this was a
good daily. I wasn't even paying
attention to the overbought signal, but
daily super stack overbought. Again,
didn't nail the top. We stayed above
that signal for another week, but that
was then a long-term top into months of
pullback. So, again, it works in both
directions. When you just run straight
up, hey, maybe take some profit. Again,
not necessarily, hey, aggressively short
but takes a profit. Then the top is hit.
Essentially, it tells you pay attention
All right, next one.
So again, that was the super stack.
We're now going to go historical RSI. So
this was a tag team effort where again I
I utilize historical RSI in my trading
strategies. I'm Jungle Funk's Joey
mentor and then Joey helps working with
you know our our developer team uh to
code this. So essentially it went from
my brain to Joey's brain Joey
translating to our developer and then
our developers putting this together.
Again same thing you know these are
these are different veins of the same
concepts. The difference is the back
burner is the first time an oversold
condition is hitting in a strong trend.
The super stack is a bunch of time
frames aligning when you're at extremes.
And the historical RSI is when you're at extremes.
