Tradingview is a popular online trading platform that has just about everything for a trader, from fundamental analysis to technical analysis, and indicators are highly sought after by traders. This post lists the top 10 Tradingview indicators and offers some info on what each one does.
TradingView
1. TradingView is a website that allows users to view stock charts and other market data.
2. TradingView also has a number of features that make it a valuable resource for traders. For example, users can create and share custom indicators.
3. TradingView also offers real-time market data and news.
4. Overall, TradingView is a valuable resource for traders of all experience levels.
RSI (Relative Strength Index)
The RSI is a popular indicator that is used by many traders. It measures the strength of a stock’s price movement. stocks with a high RSI are considered to be overbought, while those with a low RSI are considered to be oversold. The RSI can be used to find entry and exit points for trades.
The RSI is calculated using the following formula: 100 – [100 / (1 + RS)]. RS is the average of x days’ up closes divided by the average of x days’ down closes. x is typically 14.
The RSI is plotted on a scale from 0 to 100. A stock is considered overbought when the RSI is above 70 and oversold when the RSI is below 30.
However, it is important to note that these levels are not set in stone. Some stocks may be overbought at 80, while others may not be oversold until 20. It all depends on the stock’s historical levels.
The RSI can be used in conjunction with other indicators to confirm trading signals. For example, if a stock has been in an uptrend and then forms a bearish reversal candle, this could be a sign that the stock
MACD (Moving Average Convergence/Divergence)
The MACD is a popular technical indicator that measures the difference between two moving averages. It is used to identify trend changes and potential reversals.
The MACD can be applied to any time frame but is most commonly used on daily charts.
Bollinger (Bollinger Bands)
1. Bollinger Bands (BB) is a technical analysis tool that measures the volatility of a security.
2. BB is composed of an upper and lower band that represents the standard deviation above and below the 20-day moving average.
3. The further away the bands are from each other, the higher the volatility. The closer the bands are to each other, the lower the volatility.
4. Bollinger Bands can be used to identify overbought and oversold conditions, as well as to spot trend reversals.
5. BB is a popular indicator among traders and is included in many technical analysis tools.
Stochastic Oscillator (Stochastic Momentum Index)
The Stochastic Oscillator is a momentum indicator that measures the speed and direction of price movement. The indicator consists of two lines: the %K line and the %D line. The %K line is the most important line and is used to generate buy and sell signals.
The Stochastic Oscillator is a very popular indicator among traders. It is easy to use and interpret, and it can be used to trade a variety of markets.
The indicator can be used to generate buy signals when the %K line crosses above the %D line, and sell signals when the %K line crosses below the %D line.
The Stochastic Oscillator can also be used to identify overbought and oversold market conditions. A market is considered overbought when the %K line is above 80 and oversold when the %K line is below 20.
Overall, the Stochastic Oscillator is a very useful indicator for traders. It can be used to generate buy and sell signals, as well as to identify overbought and oversold market conditions.
Moving Average (Moving Average Crossover)
There are two types of moving averages: the simple and the exponential. The simple moving average gives a bit more weight to recent prices, but both of them give equal weight to all prices in the time frame. Moving averages can be used to identify trends, with a rising trend being indicated when the moving average is higher than recent price data.
Momentum
1. Momentum is one of the most popular indicators on Tradingview. It measures the rate of change in a security’s price. When the momentum is positive, it means that the price is rising. When the momentum is negative, it means that the price is falling.
2. The momentum indicator can be used to measure the strength of a trend. If the momentum is strong, it means that the trend is strong. If the momentum is weak, it means that the trend is weak.
3. The momentum indicator can also be used to identify overbought and oversold conditions. If the momentum is high, it means that the security is overbought. If the momentum is low, it means that the security is oversold.
4. The momentum indicator can be used in conjunction with other indicators to make trading decisions. For example, if the momentum indicator is high and the RSI indicator is low, it may be a good time to buy the security.
Overall, momentum is a popular and useful indicator on Tradingview. It can be used to measure the strength of a trend, identify overbought and oversold conditions, and make trading decisions.
ATROCIOUS OID VOLATILITY INDICATOR CORRELATION TECHNIQUE
ATROCIOUS is a top indicator for measuring the level of risk in a trade. It takes into account price, volume, and volatility, which can be used to determine whether a security is oversold or overbought. Combined with the Relative Strength Index (RSI), it provides an even more precise measure of the risks involved.
Linea
Linea is a simple yet powerful indicator that can be used to identify trends. It is based on the concept of support and resistance levels. Linea will show you where the price is likely to find support or resistance, making it a valuable tool for traders.
Linea is easy to use and interpret. It can be used in any time frame, making it a versatile tool for different trading strategies. The indicator is available for free on Tradingview.
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