In the fast-paced world of financial markets, making informed and timely decisions is essential for success. TradingView has emerged as one of the most powerful and widely used charting platforms, trusted by over 60 million traders globally. Its intuitive interface, real-time data, and extensive library of technical indicators make it a go-to tool for both beginners and seasoned traders.
To navigate market volatility and spot high-probability trading opportunities, using the right indicators is crucial. These tools help decode price movements, identify trends, and pinpoint optimal entry and exit points. In this guide, we’ll explore the 10 best TradingView indicators that can significantly enhance your trading strategy and decision-making process.
Understanding Chart Types on TradingView
Before diving into specific indicators, it's important to understand how different chart types on TradingView can influence your analysis. The way price data is visualized affects how you interpret trends and patterns.
Candlestick Charts
Candlestick charts are the most popular among technical traders. Each candle displays the opening, closing, high, and low prices over a set period. The body and wicks provide immediate insights into market sentiment—long green candles suggest strong buying pressure, while red candles with long wicks may indicate rejection and potential reversals.
Line Charts
Line charts connect closing prices with a continuous line, offering a clean view of price trends. While they lack detail compared to candlesticks, they’re excellent for identifying broad market movements without noise.
Bar Charts
Similar to candlesticks, bar charts show price range and direction but in a simpler format. Each vertical bar represents the high-to-low range, with horizontal ticks indicating open and close prices.
Kagi Charts
Kagi charts ignore time and focus solely on price movement. They help identify shifts in market sentiment by detecting changes in trend direction. A reversal occurs only when price moves beyond a predefined threshold, making Kagi charts ideal for filtering out minor fluctuations.
Renko Charts
Renko charts use “bricks” to represent fixed price movements. A new brick forms only when price moves by a specified amount—ignoring time and volume. This makes Renko charts excellent for spotting clear trends and reducing market noise.
Point & Figure Charts
These charts track price changes using columns of Xs (upward movement) and Os (downward movement). Like Kagi and Renko, they filter out small price moves and emphasize significant shifts in supply and demand.
Core Keywords: TradingView indicators, technical analysis, trend identification, market volatility, entry and exit points, price momentum, volume analysis, trading strategy
The 10 Best TradingView Indicators for Smarter Trading
1. Moving Averages (SMA & EMA)
Moving averages smooth out price data to reveal underlying trends. The Simple Moving Average (SMA) calculates the average price over a set period, while the Exponential Moving Average (EMA) gives more weight to recent prices, making it more responsive.
For example, a 5-day SMA of a cryptocurrency priced at $20K, $22K, $24K, $25K, and $23K would be $22,800. As new data arrives, the average updates dynamically. EMAs react faster—ideal for catching early trend changes.
👉 Discover how top traders use moving averages to time their entries with precision.
2. Volume Weighted Average Price (VWAP)
VWAP calculates the average price weighted by trading volume throughout the day. It’s a vital tool for intraday traders, serving as a benchmark for fair value.
If the current price trades above VWAP, it suggests bullish momentum; below VWAP indicates bearish pressure. Institutional traders often align their orders around VWAP levels, making it a strong indicator of market sentiment.
3. Relative Strength Index (RSI)
RSI is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions; below 30 signal oversold levels.
For instance, if a coin’s RSI hits 80 during a rapid uptrend, it may be due for a pullback. Conversely, an RSI of 25 could present a buying opportunity. However, always confirm signals with other tools—RSI can stay overbought in strong trends.
4. Moving Average Convergence Divergence (MACD)
MACD tracks the relationship between two EMAs—typically 12-period and 26-period—and uses a 9-period EMA of the MACD line as a signal line.
A bullish crossover occurs when the MACD line crosses above the signal line; a bearish crossover happens when it crosses below. Divergences between MACD and price can also warn of potential reversals.
5. Bollinger Bands
Bollinger Bands consist of a middle SMA (usually 20-period) with upper and lower bands set two standard deviations away. They dynamically adjust to volatility.
When bands widen, volatility increases; when they contract, a breakout may be imminent. Prices near the upper band suggest overbought conditions; near the lower band may indicate oversold levels—especially useful in ranging markets.
6. Volume Profile
Unlike regular volume bars, Volume Profile shows where trading activity occurred at specific price levels—revealing high-volume nodes (value areas) and low-volume gaps.
These zones act as strong support or resistance levels. For example, if heavy volume occurred at $50 in the past, price is likely to react when approaching that level again.
7. Ichimoku Cloud
Ichimoku provides a comprehensive view of trend direction, momentum, and support/resistance through five components: Tenkan-sen, Kijun-sen, Senkou Span A/B (the cloud), and Chikou Span.
A green cloud suggests bullish momentum; price above the cloud reinforces uptrend strength. Crossovers between Tenkan and Kijun lines can generate trade signals.
8. On-Balance Volume (OBV)
OBV is a cumulative volume-based indicator that adds volume on up days and subtracts it on down days.
Rising OBV confirms bullish trends; falling OBV warns of weakening momentum—even before price reflects it. A divergence between OBV and price can signal an upcoming reversal.
9. Supertrend
Supertrend is a simple yet powerful trend-following indicator displayed as a line above or below price.
- Price above Supertrend line = Uptrend
- Price below = Downtrend
It automatically adapts to volatility and helps traders stay aligned with the dominant trend—perfect for swing and position traders.
👉 See how combining Supertrend with volume boosts accuracy in volatile markets.
10. Pivot Points
Pivot Points calculate key support and resistance levels using previous period’s high, low, and close.
Traders use these levels to:
- Set entry and exit points
- Place stop-loss orders
- Identify potential breakouts or reversals
They’re especially effective in range-bound or overnight trading sessions.
Frequently Asked Questions (FAQ)
Q: Can I use multiple indicators together?
A: Yes—combining indicators like RSI with MACD or Bollinger Bands improves accuracy by confirming signals across different dimensions (momentum, trend, volatility).
Q: Which indicator is best for beginners?
A: Moving Averages and RSI are beginner-friendly due to their simplicity and clear visual cues for trend direction and overbought/oversold conditions.
Q: Do these indicators work on all assets?
A: Absolutely. Whether you're trading stocks, forex, or cryptocurrencies, these indicators apply universally across any liquid market with historical price data.
Q: How do I add indicators on TradingView?
A: Click the "Indicators" button at the top of the chart, search by name (e.g., "VWAP"), and apply it directly to your chart.
Q: Are free TradingView accounts sufficient?
A: For basic use—yes. Free accounts offer most essential indicators. However, Pro+ users get advanced features like strategy testing and additional drawing tools.
Q: Can indicators guarantee profits?
A: No indicator is foolproof. They should be part of a broader strategy including risk management, position sizing, and market context analysis.
Final Thoughts
The key to successful trading lies not in finding a single “perfect” indicator—but in selecting and combining the right tools that align with your trading style and goals. Whether you're scalping minutes or investing for weeks, the 10 best TradingView indicators listed here provide actionable insights into market trends, momentum, volume flow, and potential reversals.
Experiment with combinations—such as pairing VWAP with volume profile for intraday precision or using Ichimoku with Supertrend for trend confirmation—and refine your approach based on real-world results.
👉 Start applying these proven indicators today—analyze smarter and trade with confidence.