The 11 Best TradingView Indicators & How to Use Them (2024)

The volume profile shows you volume by price for a defined time period. Traditional volume charts show you volume by time, which is not nearly as valuable. Traders can determine what price has the most supply and demand, which is extremely helpful in determining support and resistance levels on a chart.

TradingView offers a few different types of volume profile indicators:

• Visible Range Volume Profile: view the profile for the visible candles on the chart, which adjusts dynamically as you zoom in and out.
• Session Volume Profile: view a unique profile that resets each trading day (session), which is great for day traders.
• Volume Profile Fixed Range: pick a range of candles to view a volume profile for that doesn’t change as you move around your charts.

My favorite way to use the volume profile indicators on TradingView is to combine the session volume profile with the visible range volume profile so you can view profiles for each day and the entire visible chart.

The volume profile indicator on TradingView is an advanced tool that requires you to have a premium subscription. However, new users can usually get a TradingView free trial to test it out for 30 days.

The Ichimoku Cloud is a dynamic trend following indicator involving several moving average lines. It consists of five lines and a “cloud” formed by the interaction of two of these lines.

A green cloud signals an uptrend, while a red cloud signals a downtrend.

Additionally, you can use the baseline and conversion line crossovers to determine entry and exit points.

The baseline and conversion lines are similar to a 9EMA and a 26EMA, another common indicator traders use.

The Ichimoku Cloud allows you to identify trends easily and determine entry and exit points based on TK crossovers.

The Auto Fib Retracement indicator automatically plots Fibonacci retracement levels on a chart, helping traders identify potential support and resistance zones based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%).

While traders often draw their own Fib Retracement lines manually, the Auto Fib tool is a great way to save time and view retracement levels on several time frames.

You can also change the depth to a larger number if the indicator is drawing the lines too close to the current stock price.

Auto fib retracement tools are also available on Trendspider. To learn more, check out my article on TrendSpider vs. TradingView!

The market profile is similar to the volume profile, except it also shows time spent at prices on top of volume by price. The market profile is commonly used by futures traders to interpret the market structure and identify trading opportunities.

I recommend you learn to identify market structures like poor highs, poor lows, single prints, and understand the mechanics of auction market theory to make the best use of the TPO charts. TradingView’s TPO charts aren’t available to free users, but you can use my affiliate link to get a free trial to test it out for 30 days with no commitment.

The VWAP is an intraday indicator that shows you where the most volume has occurred through a particular trading day. It is considered about the fair price for a stock since it is where the most shares have been traded.

VWAP strategies include buying when the price breaks over the VWAP for a continuation play. Alternatively, you can wait for the stock price to be far away from the VWAP and use a mean reversion strategy. You can also check out the anchored VWAP if you are not a day trader.

There are two types of moving averages, SMA (simple moving average) and EMA (exponential moving average). The most common ones for swing traders and investors to utilize are the 50 and 200 SMA lines on the daily chart. Otherwise known as the 50 and 200-day moving averages.

Short-term traders use EMA lines such as the 9 and 26-period lines on shorter-term time frames like the 5-minute and 1-minute charts for day trading and short-term swing trading.

The MACD (Moving Average Convergence Divergence) is a popular trend-following indicator. It is the result of two lines: the MACD line and the signal line.

• MACD Line: The MACD line is the result of subtracting the 26-period EMA by the 12-period EMA, typically for days when used on the daily timeframe.
• Signal Line: The signal line is the 9-period EMA of the MACD line.

When the MACD line crosses above the signal line, it’s considered a bullish signal (suggesting it might be a good time to buy). Conversely, when the MACD line crosses below the signal line, it’s viewed as a bearish signal (suggesting it might be a good time to sell).

The RSI indicator is a popular tool for identifying whether an asset is overbought or oversold. It is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.

Typically, a stock with an RSI reading over 70 is considered overvalued, while a reading under 30 is considered undervalued. However, it is best to combine the RSI with other indicators to determine optimal entry and exit points.

The RSI is calculated based on an asset’s price movements over a certain period, typically 14 days. It compares the magnitude of recent gains to recent losses to determine the speed and change of price movements.

The Anchored VWAP (Volume Weighted Average Price) is a trading indicator that gives traders a comprehensive look at a stock’s price in relation to its volume over a specific time frame.

Generally, traders will set the anchor point at a swing high or a swing low. For example, if a stock made a 52-week low a few weeks back, you can set the anchored VWAP here to determine a good medium term support level.

The regular VWAP is the average price of a stock weighted by its volume. The unique feature of the Anchored VWAP is that it allows traders to choose a specific starting point (or “anchor”) from which to calculate the VWAP.

Implied volatility represents how much volatility the market is pricing for a specific asset. When implied volatility is high, options are generally more expensive to account for the perception of large price movements in the future. It is a key factor in options pricing and trading strategies.

Implied volatility rank and percentile help you determine whether a stock’s implied volatility is high or low based on the last year of data. Implied volatility rank is free to use on TradingView but is not native to the platform. You can use the IV Rank and Percentile custom indicator by Martin Shkreli for free.

TradingView’s volume footprint chart type allows you to view how many orders have been filled on both the buy and sell side.

On the left side of the candle, you can see how many shares were sold by price in red. On the right side of the candle, you can see how many shares were bought within that candle and at what price.

The bottom of the candle also shows you the delta and total volume traded during the candle you are analyzing. The volume footprint feature requires you to have a TradingView paid subscription, but you can use my affiliate link to get a free trial to test it out for free.

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