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As more day traders jump into trading, the demand for accurate and profitable indicators has increased.
If you’re trying to choose the best TradingView indicators, here are some of the best indicators we recommend.
After a significant price move, the price will often retrace (pull back) to 50% of the previous candlestick. This is a great technical analysis strategy to identify potential support and resistance levels.
The best TradingView indicator to help you find the 50% retracement price is by using *SSS 50% Rule Indicator created by wolffnbear.
The indicator will draw the 50% retracement price with a horizontal line on the daily, weekly, and monthly timeframe.
Link: 50% Rule Indicator
The Strat Assistant is the best TradingView indicator to help you identify consolidating, continuation, and engulfing candlesticks. The indicator will help you indicate hammer or shooter candlestick patterns, which are actionable signals for you to take a trade on for a reversal.
Another key feature about this indicator is that it lets you know the trend of the hourly, daily, weekly, and monthly timeframe.
Link: Strat Assistant
As a trader you need to identify imbalances in the market, and finding them can be quite difficult at times. Especially if you’re going through different timeframes.
The FVG indicator is the best TradingView indicator to help you do that systematically. All you need to do is enable the indicator and it will automatically draw on your chart boxes of bullish and bearish fair value gaps (FVG).
Now, there’s plenty of custom scripts but our choice is from a creator named Nephew_Sam_.
Link: FVG
If you’re looking for an indicator to help you keep track of open price of the daily, weekly, monthly, and yearly timeframe, than the Daily Weekly Monthly Yearly Opens is the best TradingView indicator to help you do that.
The daily open will show only on intraday timeframes. The weekly open price is shown only on timeframes less than the weekly. And the monthly open price is only shown on timeframes less than the monthly timeframe.
Link: Daily Weekly Monthly Yearly Opens
This TradingView indicator is one of our favorites. This indicator draws the EMA, VWAP, and MVWAP lines. The indicator is great for traders who want to know the the trend of a stock.
The best part about this TradingView indicator is that it’s available for free TradingView accounts.
Link: VWAP/MVWAP/EMA CROSSOVER
The ATRvsDTR + ADR Zone + SSS50% TradingView indicator is in our opinion the, the best day trading indicator.
The indicator helps draw ADR zones that are used as support and resistance. It also draws on your chart the opening of the day for a stock, and the 50% retracement rule.
Link: ATRvsDTR + ADR Zone + SSS50%
Another great indicator for TradingView is the Opening Range Breakout with 2 Profit Targets. The developer of the indicator draws a box of the initial open range high and low of the first 30 minutes of the market.
The top of the opening range can server as resistance and the bottom can act as support. This TradingView indicator also marks profit target areas if price action breaks out of the range.
This one of the best intraday TradingView indicators as it gives the trader a clear trading plan with little to no effort.
Link: Opening Range Breakout with 2 Profit Targets.
Price action can be very choppy and difficult to spot recent swing highs and lows. The best TradingView indicator to help you spot those swings highs and lows is the Swing high low support & resistance indicator.
The Swing high low support & resistance indicator is the best TradingView indicator to detect swing highs and lows because it will draw dots on the chart from recent and past days.
Link: Swing high low support & resistace
One of the best features about TradingView is the Script community that they have. A lot of smart people, with years of experience trading are creating custom indicators, and trading strategies for traders around the world.
Now, these indicators are not 100% accurate, but have been pretty consistent time and time again.