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 (6)

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

What are the top 3 indicators in TradingView? ›

Below, we will explore the top 10 best Indicators used among traders.
  1. 1 - Moving Average (MA) ...
  2. 2 - Relative Strength Index (RSI) ...
  3. 3 - Moving Average Convergence Divergence (MACD) ...
  4. 4 - Bollinger Bands. ...
  5. 5 - Volume. ...
  6. 6 - Stochastic Oscillator. ...
  7. 7 - Fibonacci Retracement. ...
  8. 8 - Average True Range (ATR)
Mar 12, 2024

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 is the most successful indicator? ›

Below, we delve into the most effective indicators used by intraday traders, offering practical applications and examples.
  • Bollinger Bands. ...
  • Relative Strength Index (RSI) ...
  • Exponential Moving Average (EMA) ...
  • Moving Average Convergence Divergence (MACD) ...
  • Parabolic SAR. ...
  • Pivot Points.
Jul 5, 2024

Which trading indicator has the highest accuracy? ›

Which is one of the most accurate trading indicators? The most accurate for trading is the Relative Strength Index. It is considered one of the best momentum indicators for intraday trading. It helps investors identify the shares which are bought and sold in the market.

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 is the triple top indicator in TradingView? ›

Triple top is a bearish chart pattern which is formed in an uptrend where three tops are lying on a flat horizontal resistance line and pattern will activate only when closing below the neckline or support. Pattern will activate only below the closing 3475 marks.

What is the 3 indicator? ›

Litmus, phenolphthalein and methyl orange are the common acid-base indicators. Basically these are organic dyes with characteristic colours. Litmus is the extract of the plant lichen. Phenolphthalein and methyl orange are synthesised in the laboratory.

How do I merge 3 indicators in TradingView? ›

Simply open both indicators, then click the three little dots at the end of the indicator name and select 'Move to' , select which way you want the indicator to go to, this will then place both indicators in the same window.

What is the TradingView all time high indicator? ›

The All Time High (ATH) Levels indicator displays a user-set amount of historical all-time high levels made on the user's chart, highlighting potential key price levels. Displayed levels can be filtered out based on their duration, as well as their relative distance from each other.

What is the most reliable trading indicator? ›

The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance.

What indicator do professional traders use? ›

Relative strength index (RSI)

RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.

What are the three leading indicators? ›

Leading indicator examples include the Consumer Confidence Index, Purchasing Managers' Index, initial jobless claims, and average hours worked.

What is the most powerful indicator in Tradingview? ›

As most of you know, the Moving Average Convergence Divergence, MACD, indicator is a one of the most popular indicator among traders. The MACD is a trend-momentum indicator that measures the relationship between moving averages and uses a signal line to show crossovers between the...

Which indicator gives buy and sell signals? ›

The stochastic indicator establishes a range with values indexed between 0 and 100. A reading of 80+ points to a security being overbought, and is a sell signal. Readings 20 or lower are considered oversold and indicate a buy.

Which trading strategy is most accurate? ›

Trend trading strategy. This strategy describes when a trader uses technical analysis to define a trend, and only enters trades in the direction of the pre-determined trend. The above is a famous trading motto and one of the most accurate in the markets.

What are the three most common indicators? ›

Among all, the common indicators are as follows; litmus, china rose, turmeric and phenolphthalein. (b) The acid-base indicator which is extracted from lichen is litmus. Litmus can be used as a litmus solution or litmus paper.

Is there any leading indicator in TradingView? ›

The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.

What are the top leading indicators? ›

Leading indicator examples include the Consumer Confidence Index, Purchasing Managers' Index, initial jobless claims, and average hours worked. Lagging indicators are metrics that can confirm change rather than predict it.

What is the most effective indicator for day trading? ›

Seven of the best indicators for day trading are:
  • On-balance volume (OBV)
  • Accumulation/distribution (A/D) line.
  • Average directional index.
  • Aroon oscillator.
  • Moving average convergence divergence (MACD)
  • Relative strength index (RSI)
  • Stochastic oscillator.

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