Trading Strategy for Beginners: How to use the Levels Strength Index indicator easily and profitably

Hello everyone! Today I bring you a super simple scalping strategy, ideal even for those who are just starting out. We will only use two indicators, making it perfect for those using the free version of TradingView.

Step 1: Set up the indicators

We will add the following indicators to our chart:

Levels Strength Index by BigBeluga

RSI (Relative Strength Index)

Step 2: Adjust the Levels Strength Index

To optimize the indicator, we will make the following changes to its settings:

Go to the "Style" tab and uncheck: Chart PlottingLinesPrice Scale LabelsIn "Data Input", change the Levels Transparency value to 3.

Step 3: Apply the strategy

This strategy works on 5-minute charts and is recommended to be applied in Spot to avoid losses in case of a trend reversal.

Strategy rules

✅ Buy entry:

The RSI falls below 30 (oversold zone).The RSI line re-enters the channel, crossing above the yellow SMA.The Levels Strength Index lines and its shadow are in green.

❌ Sell exit:

The RSI reaches the overbought zone.The RSI line re-enters the channel, breaking below the yellow SMA.

Example and results

In the reference image, we applied this strategy on $SOL , achieving a 5.75% profit in just 2 hours and 16 minutes.

Final tips

Practice first on a demo account to familiarize yourself with the strategy.Watch its behavior before applying it with real money.Adjust the settings according to your preferences and share your results in the comments.

I hope you find it useful! Happy trading! 🚀