The 3 Best TradingView Indicators to Improve Your Trading (2024)

1- ARMAGEDDON 2 by Bullish way team

This indicator shows you the floor and ceiling of the market accurately. It simply issues accurate long and short signals in all time frames. It is natural that such a wonderful indicator is not free. The development team of this powerful indicator provides you this indicator permanently for $249.

Click here to get and test Armageddon indicator.

The 3 Best TradingView Indicators to Improve Your Trading (1)

This premium indicator (ARMAGEDDON 2) is one of the few indicators that is guaranteed by the development team.

Video of Bullish Way's premium indicator "Armageddon2" test :

2-Ichimoku Clouds

Ichimoku Clouds, also known as Ichimoku Kinko Hyo, is a popular technical analysis tool used in the financial markets, including cryptocurrency trading. It was developed by a Japanese journalist named Goichi Hosoda in the late 1960s.

This is a complementary indicator that must be on your chart to determine support and resistance levels.

The 3 Best TradingView Indicators to Improve Your Trading (2)

The Ichimoku Clouds consist of several components that provide a comprehensive view of price action, support and resistance levels, and potential trend reversals. The main components of the Ichimoku Clouds are:

1. Tenkan-sen (Conversion Line): This line is calculated by averaging the highest high and lowest low over a specific period, typically nine periods. It indicates short-term market momentum.

2. Kijun-sen (Base Line): Similar to the Tenkan-sen, the Kijun-sen is calculated by averaging the highest high and lowest low over a longer period, typically 26 periods. It represents medium-term market momentum.

3. Senkou Span A (Leading Span A): This component forms one of the boundaries of the Ichimoku Cloud. It is calculated by averaging the Tenkan-sen and Kijun-sen and plotted ahead of the current price action.

4. Senkou Span B (Leading Span B): This component forms the other boundary of the Ichimoku Cloud. It is calculated by averaging the highest high and lowest low over a longer period, typically 52 periods, and plotted ahead of the current price action.

5. Kumo (Cloud): The area between Senkou Span A and Senkou Span B is known as the Kumo or Cloud. It provides insights into support and resistance levels and helps identify potential trend reversals. 6. Chikou Span (Lagging Span): The Chikou Span represents the current closing price, plotted backward on the chart. It helps traders identify potential areas of support or resistance based on past price action.

Traders and analysts use the Ichimoku Clouds to assess market trends, identify potential entry and exit points, and gauge overall market sentiment. It is a versatile tool that can be applied to various timeframes and financial instruments.

3-Auto Fib Retracement

Auto Fib Retracement, also known as Automatic Fibonacci Retracement, is a technical analysis tool used in trading to identify potential levels of support and resistance in a price chart. Fibonacci retracement levels are based on the Fibonacci sequence, a mathematical sequence where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, and so on).

Auto Fib Retracement tools automatically plot these Fibonacci retracement levels on a price chart, making it easier for traders to identify potential areas where the price may reverse or consolidate.

The most commonly used Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

The 3 Best TradingView Indicators to Improve Your Trading (3)

Traders use Auto Fib Retracement to determine potential entry and exit points for trades, as well as to identify areas of potential support or resistance. By analyzing price movements in relation to these Fibonacci levels, traders can make more informed decisions about their trading strategies. It's important to note that Auto Fib Retracement is just one tool among many used in technical analysis, and it should be used in conjunction with other indicators and analysis methods to make well-rounded trading decisions.

The 3 Best TradingView Indicators to Improve Your Trading (2024)

FAQs

The 3 Best TradingView Indicators to Improve Your Trading? ›

The best TradingView indicators in my opinion are the volume profile, Ichimoku, and Fibonacci retracements. I have been trading for nearly a decade, and I don't believe that all of the custom paid indicators advertised on other articles are worth it since these ones are built-in and free to use.

What are the top 3 indicators in TradingView? ›

Top 5 indicators and add-ons for TradingView
  • Liquidity Sentiment Profile (Auto-Anchored) Right off the bat, we bring you an add-on that combines several approaches that track both price and trade volume. ...
  • Range Detector. ...
  • Trendline Breakouts With Targets. ...
  • Market Structure BOS/CHOCH. ...
  • All Chart Patterns.

What is the most accurate TradingView indicator? ›

The best TradingView indicators in my opinion are the volume profile, Ichimoku, and Fibonacci retracements. I have been trading for nearly a decade, and I don't believe that all of the custom paid indicators advertised on other articles are worth it since these ones are built-in and free to use.

What is the power of 3 indicator in TradingView? ›

Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader and inspired by Larry Williams. The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution . ICT traders assume that this pattern represents how any candle is built.

What are big 3 indicators? ›

Big 3 combines Taylor's checklists and favorite indicators to create the Big 3 signals. Big 3 stands for Trend, Structure, and Momentum. Criteria that when met can lead to powerful directional moves.

What are the 3 major stock indicators? ›

The DJIA, the S&P 500, and the NASDAQ indexes all are indicators of the current state of the stock markets.

Which indicator gives best buy and sell signals? ›

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

What are the top 5 indicators in TradingView? ›

Indicators, Strategies and Libraries
  • Tops & Bottoms - Day of Week Report. sbtnc Feb 7. ...
  • CARNAC Elasticity Indicator. ClassicCrypt0 Updated Mar 5. ...
  • Tops & Bottoms - Time of Day Report. ...
  • TTP Breaking Point. ...
  • Swing Boxes. ...
  • Reversal Points. ...
  • CM_Williams_Vix_Fix - Market Top and Bottom with multi-timeframe. ...
  • Price Action Top/Bottom.

What is the best trading strategy on TradingView? ›

A trend-following strategy that combines the 10-period and 20-period Simple Moving Average (SMA) crossovers with the bearish pennant chart pattern can be a powerful approach to identifying and trading bearish trends. We plot the 10-hour and 20-hour SMAs on the chart and look for the formation of a bearish pennant.

What is the most powerful indicator in trading? ›

Best trading indicators
  • Moving average (MA)
  • Exponential moving average (EMA)
  • Stochastic oscillator.
  • Moving average convergence divergence (MACD)
  • Bollinger bands.
  • Relative strength index (RSI)
  • Fibonacci retracement.
  • Ichimoku cloud.

What indicator do most traders use? ›

10 most popular indicators for trading
  • Moving Average Convergence Divergence (MACD) ...
  • Stochastic Oscillator. ...
  • Bollinger Bands. ...
  • Relative Strength Index (RSI) ...
  • Fibonacci Retracement. ...
  • Standard Deviation. ...
  • Ichimoku Cloud. ...
  • Client Sentiment. IG client sentiment provides insights into the positioning of traders in a specific market.

What is the number one indicator for trading? ›

Popular technical indicators include simple moving averages (SMAs), exponential moving averages (EMAs), bollinger bands, stochastics, and on-balance volume (OBV).

What are the 4 indicators of TradingView? ›

This is a Wave (or Zig Zag) indicator I made to use in conjunction with the Wave Volume indicator I use. It uses the Jurik moving average to determine turning points, and will plot the tops and bottoms of the wave based on the most recent high- so you can also use to quickly find pivot highs and lows.

What is the power of 3 trading strategy? ›

Understanding the Power of 3 (PO3) is crucial for successful intraday trading. Power of 3 (PO3) consists of three key elements: accumulation, manipulation, and distribution. During accumulation Price collects orders on both sides of the market.

What is the money indicator in TradingView? ›

This indicator helps to spot more easily and efficiently divergences . You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that. This strategy is a demo for fixed price stop loss.

What are the 5 indicators in TradingView? ›

5 Technical Indicators for Smart Trading
  • Moving Averages: Riding the Waves of Market Trends. ...
  • Bollinger Bands: Embracing Volatility for Profitable Trades. ...
  • Moving Average Convergence Divergence (MACD): Capturing Trend Changes. ...
  • Average Directional Index (ADX): Measuring Trend Strength.

What are the common TradingView indicators? ›

Moving Averages (MA)

Moving averages are widely used entry point indicators that help identify trends and potential support or resistance levels. Two common types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

What is the 1 2 3 pattern indicator in TradingView? ›

The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming. The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type.

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