In addition to the most popular trading applications offered by FTMO to its clients, the TradingView website, which is also very popular among traders, offers an interesting analytical service. And even here, in addition to the basic tools, it is possible to use various add-ons and indicators that can make trading significantly more efficient.
Recently, we wrote an article about the best indicators and add-ons for the MetaTrader platform, as well as cTrader, through which FTMO clients can use for trading. Today we will look at a selection of several interesting tools and indicators that can enhance your trading if you use TradingView for market analysis.
In addition to the fact that some add-ons are offered directly by TradingView, many users provide their own solutions, often even completely free for those who do not pay for any of the extra services. In many cases, the authors even make the source code of the add-on available, allowing more savvy traders to customize it to their own specific needs.
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. This tool allows you to monitor the sentiment and liquidity profile on a selected market and timeframe, and in addition, it also displays support and resistance levels on the chart, while showing the price level with the highest activity on the instrument (where the Price of Control, POC, may be located).
More information can be foundhere.
Range Detector
Since the author of the first add-on is quite active and offers a variety of tools and indicators, we have selected a more simple indicator from him. Contrary to popular belief, markets often move within a range or sideways most of the time, so it's important to identify these ranges as early as possible.
This tool enables real-time monitoring of range generation. Breaking one of the range lines can help detect a new trend, and this indicator signals these breaks by modifying the range line, whether it's an uptrend or downtrend forming. These lines remain visible even after they have been breached and can subsequently serve as potential future support and resistance levels.
More information can be foundhere.
Trendline Breakouts With Targets
The opposite approach was taken by the author of another indicator, which displays market trends and their breaking, or trend change. The indicator also filters out false signals and offers the trader a Take Profit level when a correct signal is generated.
More information can be found here.
Market Structure BOS/CHOCH
Another interesting add-on that uses a completely different approach from previous versions is Market Structure. This approach is quite popular among traders, including many FTMO clients, and you might find this add-on useful.
The indicator displays all the important levels and price levels that you can take advantage of when using this approach. The indicator uses pivot points to look for break of structure and change of character points, plots levels where price reversals (order/breaker block) occur, and levels where imbalances (fair value gaps) occur.
More information can be foundhere.
All Chart Patterns
All previous indicators and enhancements are accessible to every TradingView user, including those who do not use one of the paid programs. Finally, for those who are subscribed to the Premium level and above, we have an interesting and entertaining add-on.
This tool displays all the most popular chart patterns that are most commonly used in the price action approach. You can set which patterns you want to see, you can see patterns that are still forming and the indicator will also show you the Profit Target that fits the pattern.
More information can be foundhere.
Today, our selection of indicators is quite limited. Just like MetaTrader and cTrader, TradingView provides traders with numerous add-ons to enhance their performance and trading efficiency. Trade safely!
