Probability Grid Indicator

This strategy uses the Probability Grid indicator to identify reversals and breakouts across any market and timeframe. Enter trades with volume or candlestick p

Published · Updated · Methodology: Technical Indicators

Part of: Candlestick Patterns

  • Methodology: Technical Indicators
  • Content type: indicator
  • Timeframes: 15-minute (example), Any timeframe
  • Markets: Euro Dollar (example), Any market, Forex (majors), Crypto, Stocks, Futures

Indicators used

  • Probability Grid
  • Volume
  • Candlestick Patterns

Source video

Decoded from: NEW TradingView Indicator That is VERY Accurate by Trade Algorithm — watch the original

Key timestamps:

  • 0:46 - Indicator Introduction
  • 1:25 - How the Probability Grid works
  • 2:16 - Settings optimization
  • 3:20 - Strategy 1: Trending markets (pullbacks)
  • 4:25 - Strategy 2: Ranging markets (reversals)
  • 5:25 - Strategy 3: Anticipating breakouts
  • 6:30 - Market-specific settings

Strategy overview

Candlestick patterns are the raw vocabulary of price action — individual bars and small clusters read as evidence of who is winning at a given moment. This entry decodes a video from the Trade Algorithm channel built around a different way of framing that evidence: the Probability Grid, a TradingView indicator that overlays price with a grid of cells, each labelled with a figure derived from how the instrument's past swings have behaved around that area. Instead of asking what the last candle means in isolation, the video's framing asks how often price has historically travelled beyond a given zone, and uses candlestick behaviour and volume as the confirming layer on top of that map.

What makes this particular video worth decoding is that it is organised by market regime rather than by a single setup. After introducing the indicator and explaining the mechanics behind the grid, the presenter walks through tuning its inputs for different asset classes — forex, crypto, stocks and futures each get their own treatment — before laying out three separate contexts of use: pullbacks in trending markets, reversals in ranging markets, and anticipating breakouts. The example work is shown on a 15-minute chart, though the tool itself is presented as timeframe-agnostic.

The video is titled "NEW TradingView Indicator That is VERY Accurate", and that claim belongs to the channel, not to this page. It is worth keeping in mind what a probability grid actually is: a description of how a market has behaved across past swings, not a forecast of the next one, and a figure on a cell says nothing about position sizing, invalidation or how many times you would have been stopped out waiting for it. This page covers the concept and how the source video approaches it; no rule-by-rule breakdown of the setup has been extracted for this entry.

Topics

probability grid strategy · tradingview strategy · technical indicators · reversal strategy · breakout strategy · forex strategy · crypto trading strategy · stocks trading strategy · futures trading strategy · 15 minute strategy · any timeframe strategy · candlestick patterns · volume trading

Frequently asked questions

What is the Probability Grid indicator on TradingView?

It is an overlay that divides the chart into a grid and assigns each cell a probability figure calculated from the instrument's historical swing behaviour, so a trader can see at a glance how often price has previously extended beyond a given area. A dashboard summarises the readings alongside the grid.

How do candlestick patterns fit into a probability-based indicator?

The grid frames where price sits relative to its historical swing distribution; candlestick behaviour and volume are what the video uses to judge whether price is actually reacting at those areas. The pattern supplies the timing, the grid supplies the context.

What timeframe and markets does this video use?

The demonstration is done on a 15-minute chart, but the indicator is presented as usable on any timeframe. The video devotes a section to adjusting its settings differently depending on whether you trade forex, crypto, stocks or futures.

Does the video show only one way to trade the indicator?

No — it lays out three distinct applications: taking pullbacks in trending markets, fading extremes in ranging markets, and anticipating breakouts. Before trading any of them, test the approach on historical data for your own market; Strategy Decoder catalogues strategies like this one from their video sources so you can evaluate them on TradingView.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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