14 Best Tradingview Indicators & 5 Add-Ons to Level Up Your Trading

Sept. 9, 2024

Author: Bitcoin Magazine Pro Team


Trading Bitcoin can feel overwhelming at times. As the price changes, traders must stay calm and make decisions before the window of opportunity closes. Using the right Bitcoin indicators can help sidestep emotional trading and instead focus on the numbers. This article will introduce you to the best TradingView indicators to help you achieve consistent, profitable trades with minimal effort by using the most effective TradingView indicators and add-ons tailored to your strategy. 

Bitcoin Magazine Pro's Bitcoin analysis is a valuable tool for achieving your objectives, such as consistently profitable trades with minimal effort, using the most effective TradingView indicators and add-ons tailored to your strategy.

What is a Trading Indicator on TradingView?

Person Using Laptop - Best Tradingview Indicators

A trading indicator is a mathematical calculation that transforms an asset's price data into easy-to-read visual signals on a chart. These signals help traders assess the market direction, recurring patterns, and potential price movements for their trades. They are beneficial for flagging when to buy or sell in trade, setting strategic trade entry and exit points, and sizing the overall market momentum. 

TradingView Indicators: A Visual Aid for Trading 

Trading View Indicators - Best Tradingview Indicators 

TradingView offers a wide range of top indicators, including favorites like moving averages and oscillators, tools for analyzing how much is being traded, and even indicators custom-made by users. This versatility allows traders to customize these tools to best suit their unique trade strategies and improve their chances of success.

What Do TradingView Indicators Do?

Trading Indicator - Best Tradingview Indicators

TradingView indicators help investors understand market fluctuations. By analyzing historical price data, these tools provide insights into current market conditions and project potential future scenarios. 

While indicators don’t traditionally provide financial advice, stock traders can use them to inform themselves of likely price movements. The vast majority of indicators can be used over a specified period so that traders can track current movements, past movements, or both!   

Use Multiple Indicators for the Best Results

While you may have an excellent indicator for tracking price movements, you’ll likely want to use more than one indicator. TradingView allows you to use multiple indicators on a chart, giving you all the information you need about market movements and trends on a single screen.

Different types of indicators allow you to track other types of data, so it’s important that you’re aware of the differences between them. Let’s take a brief look at the different types.

The Four Types of Indicators

Momentum Indicator

Momentum - Best Tradingview Indicators

These indicators help identify the current momentum of assets within the market. They can tell you the overall strength of current movements and predict when a reversal will occur.

Trend Indicator

Trend Indicator - Best Tradingview Indicators

Trend indicators, sometimes called oscillators, allow you to track market trends or movements. They are handy not only for identifying current market movements but also for predicting future movements.

Volatility Indicator

Volatility Indicator - Best Tradingview Indicators

Unlike trend indicators, a volatility indicator tells you how volatile the market is at a given point. The higher the volatility, the higher the potential for larger gains. On the flip side, higher volatility also indicates a greater chance of loss, so that’s something that you’ll want to keep in mind.

Volume Indicator

Volume Indicator - Best Tradingview Indicators

Volume indicators allow traders to track the volume of trades across a market. By using an indicator for volume, traders can see which sectors or even specific stocks in the market are being traded the most or least.

Bitcoin Magazine Pro: Empowering Investors with Comprehensive Analytics Tools

Bitcoin Magazine Pro - Best Tradingview Indicators

Bitcoin Magazine Pro offers a comprehensive set of analytics tools to help investors and enthusiasts better understand Bitcoin through data. The platform provides a wide range of free, regularly updated Bitcoin charts, each accompanied by detailed explanations to make complex information accessible. 

For those looking to dive more deeply, paid tiers offer features like:

  • Chart alerts
  • Exclusive indicators
  • In-depth market reports

Whether you're a curious Bitcoin investor wanting to grasp the factors influencing Bitcoin's price or an analyst eager to expand your knowledge, Bitcoin Magazine Pro aims to provide clarity and insights to support more informed decision-making in the Bitcoin space. Save 30% on Bitcoin Magazine Pro's Bitcoin analysis tool today when you sign up for our annual plan!

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14 Best TradingView Indicators

1. Moving Average (MA) 

Moving Average - Best Tradingview Indicators

Due to its simplicity and effectiveness in identifying trends, the Moving Average (MA) indicator is often one of the first tools traders learn and widely apply in various markets. It calculates the average trading price over a chosen period. 

It is one of the best practical resources for traders looking to spot market trends and potential reversal points in price movement. It applies this information to the chart, effectively ironing out erratic price changes.  

Moving Averages to Analyze Market Trends

Traders rely on the MA to validate trend directions, identify where prices might find support or meet resistance, and set off buying or selling alerts for their trades. Examining how the prevailing market price stands with the MA line offers traders a clearer view of where things might be headed, enabling them to make more informed trade decisions.  

2. Relative Strength Index (RSI)

Relative Strength Index - Best Tradingview Indicators

While less utilized for overall trend analysis than the more versatile Moving Averages, the Relative Strength Index (RSI) indicator is also highly popular for its clear overbought and oversold signals. This popular technical indicator measures the magnitude and velocity of price changes in an asset.

It gives trading insights into whether an investment is overbought or oversold, indicating the best potential reversal points. The RSI ranges from 0 to 100, with values above 70 indicating overbought trading conditions and below 30 indicating oversold trading conditions.   Traders can use the RSI to identify potential trade entry and exit points and confirm the strength of a trend. 

3. Moving Average Convergence Divergence (MACD)  

MACD - Best Tradingview Indicators

Slightly less intuitive than the straightforward interpretation of the RSI, the Moving Average Convergence Divergence (MACD) Indicator is another technical analysis tool traders use to identify potential trading buy and sell signals in financial markets. It is an oscillator (a tool that indicates an asset’s trend and momentum). 

It consists of two lines: the MACD line, representing the difference between two moving averages, and the signal line, which is a moving average of the MACD line. Traders typically look for the best bullish signal when the MACD line crosses above the signal line and a bearish signal when it crosses below.   

Moving Average Convergence Divergence (MACD)

Additionally, the MACD histogram, which shows the difference between the MACD line and the signal line, can provide further trading insights into the strength of market trends. 

4. Bollinger Bands  

Bollinger Bands - Best Tradingview Indicators

Expanding upon the range of tools available to traders for market analysis, Bollinger Bands indicators stand out as distinctly visual and adaptable trading indicators on TradingView. They are often favored for their ability to encapsulate price volatility and trend identification in a way that complements the more momentum-focused MACD and the simplicity of the RSI. 

This indicator comprises three lines that overlay the trading price chart. While a simple moving average (SMA) sits at the core, the surrounding two lines chart the SMA's standard deviations. These outer bands dynamically adjust according to the market's enthusiasm, expanding with extreme volatility and narrowing when things settle down, thus providing some of the best indications of extreme volatility.     

Bollinger Bands to Identify Overbought and Oversold Conditions

Traders use the Bollinger Band indicators mainly to spot when the price might be shifting direction and when it might be at an extraordinarily high or low - what's known as overbought or oversold trading conditions. It's also a solid way to monitor the direction of the trading trend. 

Find additional information on the Bollinger Bands Indicator on TradingView here.  

5. Volume   

Volume - Best Tradingview Indicators

In contrast to the dynamic visualization of volatility and trend direction provided by Bollinger Bands, trading Volume indicators on TradingView serve as a critical metric for confirming the momentum and conviction behind trading price movements, adding another dimension to the technical analysis strategies refined by the utilization of:

  • Bollinger Bands
  • MACD
  • RSI
  • Other top indicators

These tools are essential for confirming the strength of trading price movements. They complement rather than act as a replacement for the trend and momentum indications provided by Bollinger Bands.

Using the Volume Indicator to Analyze Trading Activity and Trends 

The Volume indicator is a straightforward tool that shows how much trade activity has occurred for a particular financial instrument over a specified period. It helps traders analyze the strength and stability of price movements by providing trading insights into buying and selling pressure. By displaying volume bars beneath price charts, traders can identify increased or decreased activity periods, indicating trends or reversals.   

6. Stochastic Oscillator  

Stochastic Oscillator - Best Tradingview Indicators

While Volume tools serve as foundational elements for validating trading ideas by measuring market participation levels, the Stochastic Oscillator complements this data with its keen focus on momentum by assessing overbought and oversold trading conditions, offering traders on TradingView a nuanced view on potential price reversals. 

The Stochastic Oscillator indicator helps traders identify overbought and oversold levels in the market. It compares a security's closing price to its price range over a specific period, typically 14 days. The indicator consists of two lines, %K and %D, which fluctuate between 0 and 100. 

Stochastic Oscillator  

Traders use the Stochastic Oscillator to determine potential reversal points and generate buy or sell signals. When %K crosses above %D and both lines are in the oversold region, it suggests a buy trading signal. In contrast, a cross below %D in the overbought region indicates a sell signal. 

7. Fibonacci Retracement  

Fibonacci Retracement - Best Tradingview Indicators

Just as the Stochastic Oscillator indicator allows traders to gauge potential market turning points by analyzing momentum, another popular and complementary indicator on TradingView is the Fibonacci Retracement Indicator, which provides trading insight into possible areas of support and resistance. Inspired by the celebrated Fibonacci sequence, where each number is a total of the previous two, this tool helps chart significant levels. These levels suggest places where the market may reverse its current trend and pull back or stabilize.  

Fibonacci Retracement   

This indicator is particularly valuable because it offers precise, measurable levels that traders can use to fine-tune stop-loss orders, set profit targets, or choose moments to enter the market. 

8. Average True Range (ATR)  

Average True Range - Best Tradingview Indicators

Building on the utility of the Fibonacci Retracement's ability to define critical support and resistance levels, we turn to the Average True Range indicator (ATR), another pivotal tool that, although positioned slightly lower in popularity, offers indispensable insights into market volatility that tighten a trader's trading strategy further. 

The Average True Range (ATR) indicator is ideal for analyzing an asset's volatility over a defined period. While important, it may be less frequently used as a standalone indicator than others. It conveys trading insights into the likely scale of price fluctuations. It helps determine stop-loss orders, choose the right trade size, and identify moments when the price might diverge notably from its customary range.  

Average True Range (ATR) 

The essence of the ATR is calculating the average of the most fantastic range from high to low for the current period, the distance between the current low and the previous close. This insight gives traders a clearer view of how much an asset's price varies, which is vital information when plotting out trade moves. 

9. Parabolic SAR

Parabolic SAR - Best Tradingview Indicators

Although the Parabolic SAR indicator (short for Stop and Reverse) gives clear trading trend signals, it is often secondary to the ATR's volatility analysis, a more crucial aspect of risk management. Its effectiveness as a straightforward and effective indicator is apparent. 

It is regularly used by traders trying to identify market momentum shifts. It stands out by placing dots that can appear above and below the price chart. These dots illustrate the trend's current trajectory: swinging upwards or downwards. As prices move, these dots shift, tracing a parabolic shape to keep up with the market.  

Parabolic SAR Indicator for Trading Signals and Entry Points

This indicator is quite useful for traders, it offers clear trading cues for when to jump into the market or bow out. If the dots hover below the candlesticks, the market is climbing or in an uptrend. Conversely, the dots above suggest that prices are falling or in a downtrend. These straightforward signals are handy for setting up stop-loss orders and spotting potential pivot points in the price action. 

10. Ichimoku Cloud  

Ichimoku - Best Tradingview Indicators

While offering an all-encompassing analysis, the Ichimoku Cloud indicator ranks last primarily for its complexity compared to the more singular focus of the Parabolic SAR, leading to a steeper learning curve and lesser immediate adaptability. 

It is still an all-in-one technical analysis indicator that offers traders a wealth of trading insights into market behavior, including prevailing trends, potential areas of support and resistance, and moments when a trend could be about to reverse. It comprises a handful of lines overlapping with the pricing chart, forming what looks like a cloud.  

Ichimoku Cloud to Identify Trading Opportunities and Exit Points

Traders examine the interactions among the different lines of the Ichimoku Cloud to determine the best moments to initiate or conclude trades.    

For example, Ichimoku Cloud traders look for price movements above the Cloud as a buy signal and below as a cue to sell. A price within the Cloud suggests the price stays the same. The Cloud's color offers insights into market direction: 

  • A green Cloud, resulting from the Leading Span A (Green Line) above the Leading Span B (Red Line), signals an uptrend.
  • A red Cloud indicates a downtrend. 

Forecasting Support and Resistance Levels

The Cloud’s forward projection by 26 days also helps traders anticipate future support or resistance areas, aiding in strategic decision-making. Besides identifying entry and exit points, traders can use these insights to set up stop-loss orders that help mitigate risks. 

The lines offer clues about the overall market sentiment. What stands out about this indicator is how it integrates various elements of market analysis into one unified system, making it easier for traders to make informed trading decisions and more accurately anticipate market movements.  

11. Directional Movement Index (DMI).

DMI - Best Tradingview Indicators

The Directional Movement Index (DMI) is a technical momentum indicator that measures the strength of a trend. It combines three popular indicators:

  • ADX
  • DMI-
  • DMI+

To provide traders with an indication of whether a trend is changing and the trend’s strength. The DMI indicator combines ADX and DMI to show trend change and strength. The ADX line tracks the magnitude of price movements, while the DMI lines indicate the trend direction. A rising ADX line above 25 indicates a strong trend, while a falling ADX line suggests that the trend is weakening.

Directional Index (DI) to Identify Trend Strength and Direction

A DI+ reading above DI- indicates an uptrend. I have indicated the DI+ and DI- crossovers in the chart above and the impact of the ADX strength on the price trend. Traders can use this information to determine whether to buy or sell to exploit the current trend. This indicator also helps traders identify when to close positions as the trend weakens. It is an excellent tool for entry and exit points on trades. 

12. Technical Ratings

Technical Ratings - Best Tradingview Indicators

The technical rating indicator in TradingView is one of the best signal indicators for identifying potential entry and exit points on trades using 11 different technical indicators. The Blue bars are buy signals, and the red bars are sell signals. The technical rating indicator combines moving average and oscillator technical signals, including:

  • Moving Averages
  • Ichimoku Cloud
  • Stochastic
  • Commodity Channel Index
  • Average Directional Index
  • Awesome Oscillator
  • Momentum
  • MACD
  • Williams Percent Range
  • Bulls and Bears Power
  • The Ultimate Oscillator

Plotting the technical rating indicator as a histogram underneath the price chart allows you to visualize how the price is doing based on 11 different indicators. You can also change the timeframe in the settings panel to adjust the sensitivity. The table in the bottom right of the chart also indicates the oscillator’s buy and sell status and moving average signals for the short, medium, and long term. 

13. Chart Pattern Recognition

Chart Patterns - Best Tradingview Indicators

The automated chart pattern recognition algorithms are the best support and resistance indicators on TradingView. There are 15 chart pattern types that you can overlay on the chart to save you time spotting the patterns. The chart pattern indicators also provide excellent support, resistance levels, and price targets for each breakout. In the chart above, I have mapped the following patterns: 

  • Rectangles
  • Triple Bottom
  • Falling Wedges
  • Rising Wedges

Chart pattern recognition in TradingView is one of my favorite indicators. Traders can use this information to help identify entry and exit points for their trades, sell when prices break through key levels of support, or buy when prices push up through areas of resistance. These stock chart patterns can also be used with other indicators, such as moving averages, to provide traders with additional trading signals. 

14. Vertical Volume

Vertical Volume - Best Tradingview Indicators

The vertical volume indicator is essential for traders to gauge the strength or weakness of a given stock. On TradingView, it is one of the standard indicators used to assess supply and demand in a market. 

The vertical volume indicator displays the buying or selling activity amount in a given time frame, helping traders quickly identify supply and demand. This indicator can be an additional confirmation signal for trade entry and exit points and is also helpful in identifying divergences between price and volume. When you combine the standard vertical volume bars and the Session Volume Profile, you get a 360-degree view of supply at any time frame at any price.

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4 Best TradingView Indicators for Day Trading & How to Use Them

Person Using Laptop - Best Tradingview Indicators

1. Volume Profile HD: An Essential Indicator for Bitcoin Day Trading

The Volume Profile HD indicator is a critical tool for visualizing trading activity in the Bitcoin market. Available on TradingView via Optimus Futures, it provides a deeper understanding of market structure and liquidity. 

Understanding the Volume Profile HD Indicator 

The Volume Profile HD calculates and aggregates trading activity at distinct price levels over a specified period. It visually represents this distribution on the price chart, highlighting areas where the market has shown the most interest. This includes the Value Area, comprising a specified percentage of total volume, and the Point of Control (POC), the level with the highest volume. These aspects are crucial for identifying key support and resistance levels, making informed trading decisions, and understanding market sentiment. 

Practical Application in Day Trading Key Support and Resistance Levels

Volume Profile HD can pinpoint significant support and resistance levels in Bitcoin markets. 

This insight is critical for making precise entry and exit decisions. 

Spotting Breakouts and Breakdowns

In fast-moving Bitcoin markets, identifying breakouts with high volume can signal a shift in market sentiment, offering potential entry points for day traders. 

Trend Confirmation

Volume Profile can confirm trends, particularly useful in volatile Bitcoin markets. For instance, more volume at higher price levels can validate the trend’s strength in an uptrend. 

Trade Management

Utilizing a Volume Profile for setting profit targets and stop-loss levels might enhance trade effectiveness. For example, placing stop-loss orders below significant volume levels may offer protection against adverse price movements. 

Combining with Other Indicators

To refine trading strategies further, Volume Profile HD can be paired with other technical tools, such as moving averages or Fibonacci retracement levels, providing a more comprehensive analysis.

Analyzing Market Sentiment

The shape and location of the volume profile can offer insights into market sentiment. A balanced profile suggests equilibrium, while an asymmetrical one may indicate a strong directional bias. 

Fine-tuning Entry and Exit Points

Volume clusters, where multiple high-volume nodes are close, can indicate significant areas for potential trade entries. Observing how price reacts to these clusters and other technical indicators can provide more precise entry and exit points. 

2. Supertrend Indicator: The Best Indicator for Trading Bitcoin Trends

Supertrend - Best Tradingview Indicators

The Supertrend Indicator is a trend-following tool that becomes especially powerful for Bitcoin trading when accessed through Optimus Futures on TradingView. It excels in providing clear, actionable signals in various Bitcoin markets. The indicator helps traders quickly discern bullish or bearish trends, offering a straightforward approach to adapting trading strategies in real-time. 

How the Supertrend Indicator Works 

The essence of the Supertrend Indicator lies in its use of ATR, which assesses market volatility by analyzing the range of prices for a security over a specific time. The true range (TR) is calculated as the highest of the current high minus the current low, the absolute value of the current high minus the previous close, and the current low minus the previous close. 

TR values are first calculated and then averaged over a chosen number of periods to determine the ATR. This results in the moving average of true ranges. The Supertrend Indicator combines this ATR value with a set multiplier to generate buy and sell signals visually represented on price charts. 

Application in Day Trading Bitcoin Trend Identification

The Supertrend Indicator provides clear, actionable signals, helping traders quickly identify bullish or bearish trends. This is particularly crucial in the fast-paced environment of Bitcoin day trading, where understanding market direction is key to successful trades. 

Real-Time Strategy Adaptation

As Bitcoin markets can be highly volatile, the Supertrend Indicator’s ability to offer real-time trend information allows traders to adapt their strategies swiftly. This responsiveness is essential for day trading, where market conditions change rapidly. 

High-Speed Execution with Optimus Futures

When coupled with Optimus Futures' high-speed execution capabilities, the Supertrend Indicator becomes even more powerful. It ensures that traders can act efficiently on the signals generated, critical in markets like Bitcoin, where timing is everything. 

Risk Management

The Supertrend Indicator aids in effective risk management by providing clear signals based on market volatility and trends. Traders can use these signals to set stop-loss orders and manage their positions more effectively, a vital aspect of day trading. 

Enhanced Decision Making

The combination of ATR and the indicator’s algorithm offers a nuanced understanding of market dynamics. This enhanced view can guide traders in making informed decisions, particularly in choosing entry and exit points in Bitcoin trading. 

3. RSI: An Essential Indicator for Trading Bitcoin Reversals

RSI - Best Tradingview Indicators

When used with TradingView through Optimus Futures, the RSI becomes a formidable tool for Bitcoin traders. Its utility in identifying potential price reversals is unparalleled, especially in volatile markets like Bitcoin. TradingView's customizability allows traders to fine-tune the RSI settings to fit various trading styles and market conditions. 

Understanding the RSI Indicator 

The RSI aims to provide a straightforward method to gauge overbought and oversold market conditions. It operates on the principle that in an uptrend, there will be more up closes (the current close greater than the previous close) than down closes, and vice versa in a downtrend. 

This indicator calculates the ratio of these up and down moves over a specified lookback period, typically using a 14-bar exponential moving average (EMA). The resulting RSI values range between 0 and 100, with readings above 70 indicating overbought conditions and those below 30 suggesting oversold conditions. 

How RSI Enhances Bitcoin Day Trading Overbought/Oversold Signals

In fast-paced Bitcoin markets, RSI provides critical signals about potential exhaustion points in trends. For example, an RSI reading crossing back above 30 might suggest the end of a bearish trend in Bitcoin, while a reading falling below 70 could indicate a potential reversal in an uptrend in the Bitcoin market. 

Identifying Divergence

RSI is invaluable for spotting divergent scenarios where price movement and RSI trends do not align. Bearish divergence (higher highs in price but lower highs in RSI) may signal a potential reversal to the downside, which is crucial for day traders to identify turning points. 

Customizability for Different Market Conditions

Traders can experiment with different lookback periods and overbought/oversold levels on TradingView through Optimus Futures. This flexibility allows the RSI to be tailored to Bitcoin's unique characteristics.

Integration with Other Indicators

Combining RSI with volume and volatility indicators on TradingView can offer a more rounded view of the market, enhancing the decision-making process in Bitcoin trading. 

Directional Bias Identification

RSI can also aid traders in determining the market's current directional bias (bullish or bearish). This is particularly beneficial in Bitcoin markets, where identifying the prevailing market trend can lead to more informed trading decisions. 

Practical Application in Bitcoin 

Trading Using RSI with a comprehensive trading strategy, particularly in volatile Bitcoin markets, enhances a trader’s ability to make timely and informed decisions. Whether identifying potential entry points or warning of trend reversals through divergence, the RSI’s versatility makes it an essential component in a Bitcoin trader’s toolkit. 

4. Bollinger Bands: A Key Indicator for Trading Bitcoin Volatility

Bollinger Bands - Best Tradingview Indicators

Bollinger Bands are essential for understanding and navigating market volatility in Bitcoin trading. This tool, developed by John Bollinger in the 1980s, is instrumental in monitoring the volatility levels of securities, including Bitcoin. 

Understanding Bollinger Bands 

Bollinger Bands consist of three primary components: a moving average, traditionally set to 20 days, and two standard deviation bands on either side of this average. These bands adjust automatically to market volatility, providing a dynamic view of price fluctuations and potential extremes. 

Application in Day Trading Bitcoin Volatility Insights

Bollinger Bands offers critical insights into the volatility of Bitcoin markets. When the bands tighten, known as the Bollinger Squeeze, it often signals a forthcoming sharp price movement. This is particularly useful in fast-moving Bitcoin markets, where anticipating such moves can lead to profitable trading opportunities. 

Identifying Market Extremes

The bands help recognize when prices have moved too far and might revert to the mean, known as the Bollinger Bounce. This is crucial for day traders looking to capitalize on overextended price movements in Bitcoin markets. 

Trend Continuation and Reversals

A key feature of Bollinger Bands is their ability to signal the continuation of a trend when the price moves beyond the bands. Conversely, when prices start at one band and reach the other, it can indicate potential trend reversals or price targets, aiding traders in decision-making. 

Integration with Other Indicators

Pairing Bollinger Bands with indicators like the Relative Strength Index (RSI) can enhance the ability to identify key price levels and potential reversals in the Bitcoin market. This combined approach allows traders to confirm their analyses and make more informed decisions. 

The Bollinger Squeeze and Bounce in Action 

  • The Bollinger Squeeze: This pattern emerges during periods of low volatility, as indicated by the narrowing of the bands. It suggests a buildup of market tension, often resulting in a significant price move. For instance, Bitcoin traders might observe a Bollinger Squeeze ahead of major economic announcements, indicating a potential sharp move post-announcement. 
  • The Bollinger Bounce: When prices touch or breach the bands, they often revert towards the moving average. This bounce can signal Bitcoin traders to take profits or enter new positions, anticipating reversing the mean. 

Practical Application in Bitcoin Trading 

Using Bollinger Bands on intraday scales, such as a 15-minute chart for Bitcoin, can give traders a nuanced understanding of market dynamics. Observations like the Bollinger Squeeze or Bounce can help predict sharp price movements and potential reversals, which are crucial for effective day trading strategies in Bitcoin markets.

Top 5 Add-Ons for TradingView to Make Trading More Efficient

Person Using Laptop - Best Tradingview Indicators

1. Liquidity Sentiment Profile (Auto-Anchored) 

This add-on 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. In addition, the chart displays support and resistance levels while showing the price level with the highest activity on the instrument. This can help traders understand where the Price of Control (POC) may be located.

2. Range Detector

Markets often move within a range or sideways, so it's crucial 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.

3. Trendline Breakouts With Targets

The author of another indicator took the opposite approach. This indicator 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.

4. Market Structure BOS/CHOCH

This add-on uses an entirely different approach from previous versions. The indicator displays all the critical price levels you can use when using this approach. The indicator uses pivot points to look for breaks of structure and changes of character points, plots levels where price reversals occur, and where imbalances arise.

5. All Chart Patterns

We have an exciting and entertaining add-on for those subscribed to the Premium level and above. This tool displays all the most popular chart patterns commonly used in the price action approach. You can set which patterns you want to see, see patterns still forming and the indicator will also show you the Profit Target that fits the pattern.

Save 30% on Bitcoin Magazine Pro's Bitcoin Analysis Tool With Our Annual Plan

Bitcoin Magazine Pro is a detailed set of Bitcoin analytics tools that helps investors and enthusiasts understand Bitcoin through data. The platform provides a wide range of free, regularly updated Bitcoin charts, each with detailed explanations to make complex information accessible. 

For those who want to dive deeper, paid tiers offer features like:

  • Chart alerts
  • Exclusive indicators
  • In-depth market reports

Whether you're a curious Bitcoin investor wanting to grasp the factors influencing Bitcoin's price or an analyst eager to expand your knowledge, Bitcoin Magazine Pro aims to provide clarity and insights to support more informed decision-making in the Bitcoin space.

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