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%.

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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 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 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 golden ratio indicator in TradingView? ›

This indicator is a modification of the popular Ichimoku indicator, build high/low channels using the Golden Ratio, Volume-weighted average price allows smoother components. high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).

What are the leading indicator in TradingView? ›

The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average.

Which indicator has the highest accuracy? ›

Which indicator has the highest accuracy? The Moving Average Convergence Divergence (MACD) indicator is often considered one of the most accurate technical indicators. That is because it uses a combination of moving averages to spot potential buy and sell signals.

Which indicator has the highest win rate? ›

Our analysis showed that all three strategies had a high win rate when using the beep boop indicator. However, the Macd/Bollinger Band strategy had a higher win rate than both Moving Average and Triple RSI.

What are the three leading indicators? ›

Classic examples of leading indicators include yield curves, new housing starts, and the PMI. Each provide a gauge of where insiders and so-called experts think the economy is heading.

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.

Which indicator is the most accurate? ›

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.

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