30 MUST-HAVE TradingView Indicators For Day Trading, Scalping, Swing Trading

hello and welcome back to Magic indicator strategies in today's special episode we're unlocking the Treasure Trove of trading wisdom with the 30 most powerful trading view indicators that are absolutely essential for your trading Arsenal whether you're a day trader looking to capture those Swift Market moves a scalper aiming for precision In the Heat of the Moment or a swing Trader strategizing your next big play we've got you covered we've meticulously combed through trading view to bring you the highest quality of indicators these aren't just your run-of-the-mill tools these are game changers recently released developments thoughtfully selected to enhance your trading strategy improve decision- making and if used correctly Skyrocket your trading performance but wait there's more not only will we unveil these incredible tools but we'll also guide you through how to effectively use them combining technical prowess with practical insights we're talking about leveraging the power of chart indicators to catch Market momentum mastering liquidity and smart money concepts for Trend identification decoding oscillators to pinpoint market reversals and so much more so if you haven't already hit that subscribe button and ring the bell to stay updated with our latest insights strategies and Market analyses let's kick things off with our 30th Powerhouse indicator on the list most on on RSI by Ken osil this powerful indicator is an improved version of the classical RSI the indicator uses a variable index Dynamic moving average which is applied to RSI most added to RSI has a moving average of RSI and a trailing percent stop level of the moving average that can be adjusted by changing the length of the ma and percent of the stop level a Buy Signal is generated when the moving average line crosses above the most line a cell signal is present when the moving average line crosses below the most line the most on RSI indicator is advised to use in the sideways Market however the tool can also be useful in trending conditions using it as a first confirmation indicator is a good idea a simple but effective strategy is to combine the most on RSI with supply and demand and trend lines for example to initiate a Buy trade first check if the price is near a demand Zone a zone that caused price rejection a few times in the past connect price lows and highs ensure the channel is ascending you can use a long signal from the most on the RSI oscillator for final confirmation of your stock purchase whenever the moving average crosses below the most line you should close part of your position you can achieve a consistent 60 to 70% win rate on five 15minute time frames with this simple trading strategy all right let's move on to the next indicator on our list the trades daily bias by trade for op this powerful tool aims to develop a higher time frame bias and collect data on its success rate this indicator focuses on one specific method that utilizes previous highs and lows each new day starts by drawing out the pdh and PDL levels they start out as blue and turn red once traded through these are the default colors which can be changed in the indicator settings the triangles you see are plotted to indicate the time at which pdh or PDL was traded through this color scheme is also applied to the table in the top right once a bias is determined that cell's color starts out as blue and turns red once the level is traded through the table indicates the success rate of price hitting the levels provided by each period's bias followed by the success rate of price closing through said levels after reaching them as well as the sample size of data collected for each scenario in the above salana 5minute chart we can gather a lot of information from the table in the top right first we may note that the pdh cell is red which indicates Ates that the current day's bias was targeting pdh and it has already traded through that level as an example of how to read the table's data we can look at the pdh row of the salana chart above the sample size here indicates that there were 19 instances where the daily bias was assigned as pdh from this sample size 89.4% of instances did go on to trade through pdh and only 47% of those instances actually went on to close through pdh after hitting that level based on this information you can anticipate the potential winning ratio if you decide to Target the pdh of course greater sample sizes and therefore greater statistical significance may be derived from higher time frame charts that may go further back in time the amount of data you can observe may also depend on your trading view plan the 28th indicator on our list is called Market structure intrabar by Lux algo the market structure intrabar indicator is designed to automatically detect and highlight realtime intrabar Market structures a core component of the smart money Concepts methodology the proposed indicator gives a detailed picture of the most recent candle's lower time frame Trends highlighting Market structures within them this this can be particularly useful to assess the price Dynamics within the most recent candle for example we can see how pronounced a trend is by the number of opposite bullish bearish Market structures formed within the candle Market structures allow determining Trend continuations as well as Trend reversals in the market through two distinct structures change of character and break of structure change of character refers to a shift in the market behavior of a security that is driven by changes in the underlying supply and demand Dynamics CHS are indicative of confirmed reversals the break of structure refers to the point at which a key level of support or resistance is broken boss's are indicative of confirmed Trend continuation this indicator can be used to confirm the signals given by the first confirmation indicator for example if the first confirmation tool gives a Buy Signal it is essential to check the market structure within the candle bar a Buy trade can be initiated only if a bullish bias is dominant in other words there are more bullish BOS and chch than bearish try this tool on different markets but remember it can only be used in high time frames next up on our list is Ghost tangent crossings by chart Prime ghost tangent Crossings is a revolutionary way to visualize pivot Points and zigzag patterns that utilizes ellipses this indicator makes sure that each pivot is plotted from high to low ensuring a correct zigzag wave pattern before a zigzag is confirmed ghost tangent Crossings plots an estimate of the next valid move allowing you to plan well ahead of time once it is confirmed the indicator will fill in the plot with a solid color and print a brake label unlike other zigzag or Pivot Point indicators ghost tangent Crossings only has a pivot look forward input this is because the look back is automatically adjusted based on the last known zigzag this allows the indicator to dynamically look for the most recent valid market movement the equip point is calculated as the point along the ellipse with an equal change in price on either side from this point a line is plotted with the slope at that location and when the price breaks this level a brake label is displayed alternatively you can plot this point as a horizontal line this area works as support and resistance for the market as well as the point where the balance in movement is found this is a simple and elegant solution to connecting zigzag patterns that utilizes a novel method of visualization that many Traders will find useful the 26th indicator on our list is also by chart prime it is called momentum ghost Machine by the way it can be combined with ghost tangent Crossings to find accurate trade entries momentum ghost machine is designed to be the next Generation in momentum rate of change analysis this tool utilizes the properties of one of our favorite filters to create a more accurate and stable momentum oscillator by using a highquality filtered delay a signal to do the momentum comparison this indicator has a few extra features that other momentum Roc indicators don't have one major yet simple Improvement is the inclusion of a moving average to help gauge the rate of change of this indicator as mentioned earlier this oscillator can be combined with ghost tangent Crossings the strategy is simple a breakout signal issued by the ghost tangent Crossing indicator is valid if it is confirmed by the bullish histogram on the momentum ghost machine it is also vital to check for supply and demand levels before initiating a trade test these powerful indicators in the time frames you're willing to trade let's move on to the next indicator on our list the Adaptive moving average signals by zerman the Adaptive moving average signals indicator enhances the classic concept of moving averages by making them adaptive to the Market's volatility this adaptability makes the AMA particularly useful for identifying market trends with varying degrees of volatility the core of ama's adaptability lies in its efficiency ratio ER which measures the directionality of the market over a given period the ER is calculated by dividing the absolute change in price over a period by the sum of the absolute differences in daily prices over the same period the AMA signals indicator is particularly useful because of its adaptability to changing market conditions unlike static moving averages it dynamically adjusts providing more relevant signals that can help you capture Trends earlier or identify reversals with greater accuracy its flexibility makes it suitable for various trading strategies and time frames from day trading to swing trading it is especially effective in consolidating markets overall a great tool to use as a first confirmation in your strategy try it out the 24th indicator on our list is called the liquidity trend line with signals by stratify trade the liquidity trend line is an indicator developed to identify potential breakouts by making use of pivot Points these pivotal moments can trigger significant Market reactions either by breaking out or by serving as breakout and retest signals as shown in the example breakouts can be powerful points to see reversals in the market and can lead to a lot of volatility as well when a trend line is broken a signal will be plotted a trend line is formed when two consecutive pivot Points are found each of them lower or higher than the previous one this is the Anchor Point for the trend line that the indicator will use to spot rejections or breakouts the delay in the creation of those trend lines will be the period input used to find the pivot point on the chart another good example is using these trend lines as simple retests price bouncing on top of them will suggest a possible continuation of the current Trend we can filter out stronger breakouts by looking at how many times the price has rejected the trend line more rejections will result in more liquidity once the price breaks it signals are plotted on the chart for every breakout that happens another good utility is simply using them as a retest once the price breaks those levels and holding above or below them indicating a possible support or resistance area used for Confluence next up we have a super powerful indicator called The Squeeze momentum Delux by Eli Cobra this is a Next Generation squeeze momentum index built with momentum volatility and price action this script offers a suite for both mean reversion and Trend following analysis The Squeeze momentum Deluxe consists of the following components first the momentum oscillator which quantifies the relationship between price and its extremes over a defined period by normalizing the calculation the values become comparable throughout time and across Securities this allows for a more accurate assessment of bullish and bearish momentum the second component is squeeze bars the original squeeze concept is based on the relationship between the Ballinger bands and Kelner Channel Once the BB is located inside the KC a squeeze occurs by understanding their fundamentals a novel form of calculation can be deduced the third component is directional flux this component measures the overall direction of price volatility offering insights into Trend sentiment presented as waves in the background it includes an overflux feature to Signal extreme Market bias in a particular direction which can signal either exhaustion or vital continuation the next feature is the Confluence gauges placed at the top and bottom of the indicator these gauges measure the Confluence in the relationship between the momentum oscillator and directional flux they provide provide Traders with an easily interpretable visual aid for detecting Market sentiment the fifth component is realtime divergences equipped with a custom algorithm the indicator detects realtime divergences between price and the oscillator this Dynamic feature enhances your ability to spot potential Trend reversals as they occur overall this is a great oscillator to test out it gives early trade signals however I strongly advise to use it in conjunction with price action analysis like multi-timeframe support and resistance trend lines Etc trailing management by Zaman is the 22nd indicator on our list the trailing management indicator is designed for those of you who seek an automated and dynamic approach to managing trailing stops it helps you make systematic decisions regarding when to enter and exit Trail based on the calculated risk reward ratio by providing a clear visual representation of trailing stop levels and risk reward metrics the indicator is an essential tool for both novice and experienced Traders aiming to enhance their trading discipline this powerful indicator integrates a break even curve feature to enhance its utility in trailing stop management and risk reward optimization the break even curve illuminates the precise point at which a trade neither gains nor loses value offering Clarity on the risk reward landscape furthermore this precise point is calculated based on the required win rate and the risk reward ratio this calculation AIDS you in understanding the type of strategy you need to employ at any given time to be profitable in other words you can at any given point assess the kind of strategy you need to use to make money depending on the Price's position within the risk reward box the indicator establishes the direction of the market Trend by comparing the index of the highest high and the lowest low within the look back period for example let's say the price is at the midpoint of the risk reward box this means that the risk reward ratio should be one one and the minimum win rate of your strategy is 50% to break even I think this tool is a great addition to your existing strategy try it out the 21st indicator you should definitely add to your collection is called the ICT concept trading finder order block fvg liquidity sweeps by TF lab the main objective of the ICT trading strategy is to combine price action and the concept of smart money to identify optimal entry points into trades however finding suitable able entry points is not the only strength of this approach with the ICT style Traders can better understand price behavior and adapt their trading approach to Market structure accordingly numerous concepts are discussed in this style but the key practical concepts for trading in financial markets include order block liquidity and fair value gaps order blocks are a specific type of supply and demand zones formed when a series of order are placed in a block these orders could be created by Banks or other major players Banks typically execute large orders in blocks during their trading sessions if they were to enter the market directly with a small quantity significant price movements would occur before the orders are fully executed resulting in less profit to avoid this they divide their orders into smaller manageable positions you should look for buy opportunity ities in demand order blocks areas and sell opportunities in Supply order blocks liquidity levels are where Traders aim to exit their trades market makers or smart money usually collect or distribute their trading positions near levels where many retail Traders have placed their stop-loss orders when the liquidity resulting from these losses is collected the price often reverses direction to identify the fair value gap on the chart one must analyze Candle by candle focus on candles with large bodies examining one candle and the one before it the candles before and after this Central candle should have Long Shadows and their bodies should not overlap with the body of the central candle the distance between the Shadows of the first and third candles is called the fvg range overall this is a great tool to have in your Arsenal add it to your favorites and let's move on to the indicator number 20 open liquidity heat map by stratify trade open liquidity heat map is an indicator designed to display accumulated resting liquidity on the chart unlike any other liquidity heat map this aims to accumulate liquidity at specific levels that build up over time showing larger areas of liquidity the levels are calculated like a normal volume profile with Steps From The Highest Point within the look back to the lowest one each level contains the corresponding amount of volume the candle has closed in that range unlike many liquidity indicators that provide a single candle liquidity heat map this aims to add up liquidity in already present levels this can be extremely useful to see which levels are likely to be more liquid and tend to get a bigger reaction to the price imagine it like a range of levels that each time price revisits that area a new position area is added volume is added in that area each time the price visits that zone liquidity builds up in those zones causing a bigger reaction to the price once the price approaches them this tool can be a great enhancement to your existing strategy and you should definitely add it to your collection on the 19th Place I put an indicator called Market structure algo by Omega tools not going to lie this free tool looks like a premium Lux algo indicator this Advanced indicator is designed to analyze the market structure through a combination of pivot highs and lows creating a deeper understanding of potential Market movements the MS algo distinguishes between internal and external Market structures by analyzing pivot Points over different periods this dual analysis allows for better understanding of short-term and long-term Market Trends the indicator introduces a unique approach to displaying potential areas of Interest or zones around pivot Points adjustable through the Zone distance setting utilizing a comprehensive algorithm the MS algo identifies potential signals for entering and exiting trades based on the internal Market structure these signals are visually represented on the chart aiding in decision making these signals are based on the acceptance and confirmed breakout or the refusal of the pivot Points by the price to apply the MS algo to your trading view charts adjust the internal Ms and external Ms settings to align with your analysis preferences The Zone distance input allows for customization of the Zone visualization feature next up on our list is trending RSI chart PR trending RSI takes a new approach to RSI and is designed to provide all of the missing information that traditional RSI lacks questions such as why does the price continue to decline even during an oversold period can be answered using trending RSI these types of movements are due to the market still trending and traditional RSI cannot tell Traders this trending RSI fixes this by introducing Trend information back into the oscillator by reverse engineering RSI the creators have been able to make a new indicator that is no longer bound between 0 and 100 instead it provides the traditional 70 and 30 zones as bands and 50 is a center line that still represent these zones perfectly this transforms the RSI into a centered oscillator instead of a normalized oscillator when the market is trending the trending RSI represents this as the center line being below or above zero just like mhed the center line is colored to represent Market phases this helps in identifying reversals more clearly by adding a layer of Confluence to the already renowned RSI chart Prime team have also included a novel filtering technique that has a low lag to smoothing ratio this is primarily used to smooth the bands by default but you can also utilize this on the RSI several alerts have been included to provide you with easy to configure signals you can use the center line as a directional filter for your trades by only picking trades in the direction of the center line when the center line is above zero the market is trending up conversely when the center line is below zero the market is trending downtrend use the polarity of the center line to estimate the strength of retracing ments from the oversold and overbought zones standard divergences are also Incorporated which are fully configurable in the settings the 17th indicator you should absolutely test out is called the ICT kill zones toolkit by Lux algo the ICT kill zones toolkit is an advanced set of tools designed to assist you in pinpointing key trading zones and patterns within the market the IC kill zones toolkit includes the following price action components ICT kill zones with pivot highs and lows order blocks breaker blocks fair value gaps and Market structure shifts by combining these components the ICT kill zones toolkit offers you with a complete framework for analyzing the market and identifying setups of Interest leveraging these tools effectively can enhance your decision-making process and improve kill zones interpretability in Forex future trading timing is crucial ICT kill zones are specific periods when there's a higher chance of finding setups of Interest mastering these time intervals can offer significant advantages to traders who know how to use them effectively here's how you can utilize the ICT kill zones toolkit we can see in the following example that when price retests setups generated from Kill zones such as order blocks or fair value gaps a potential strategy could be to look for entries on those and take profits as the next Kill Zone appears order blocks are sections on a price chart where notable buying or selling activity has occurred often signaling interest zones for institutional Traders this toolkit's order blocks component pinpoints these areas within the Kill Zone which may act as potential support or resistance levels breaker blocks on the other hand are zones built from mitigated order blocks and highlight zones on the chart where price has previously stalled or reversed these areas may act as significant barriers to price movement in the future and the breaker blocks component helps Traders identify them for potential trading opportunities apart from the features mentioned above this tool also offers Market structure shifts Fair value gaps and sessions on the chart this is a musthave indicator for every price action Trader on the 16th Place I put an indicator called ATR bands Kelner Channel Wick and srsi signals by MW right Inc this indicator uses an Innovative combination of ATR bands candle wicks crossing the ATR upper and lower bands and a Baseline and combines them with the tastic srsi oscillator to provide early buy and sell signals in uptrends downtrends and in ranging price conditions Ballinger bands and Kelner channels concepts are generally understandable buy at the bottom band sell at the top band however because the bands themselves are not static impulsive moves can make them useless the Wicks are also quite easy to understand candles with large wicks can represent a change in pattern or volatile price movement combining those two to determine if the price is reaching a pivot point is relatively novel when stochastic RSI filtering is also added it becomes a genuinely unique combination that can be used to determine trade entries and exits for example in an uptrend when the price is forming higher highs and higher lows or when the Baseline is rising the price tends to oscillate between the upper band and the Baseline in this case the Baseline Buy Signal B3 can show an entry point in a downtrend when the price is making lower highs and lower lows or when the Baseline is falling the price tends to oscillate between the Baseline and the lower band in this case the Baseline cell signal S3 can show an entry point during consolidation when price is ranging price tends to oscillate between the the upper and lower bands while crossing through the Baseline unperturbed here entry points can occur at the upper and lower bands when all conditions are met at the lower band during consolidation a Buy Signal B can occur this signal may also occur prior to a breakout of consolidation to the upside when all conditions are met at the upper band during consolidation a cell signal s can occur the 15th indicator is called the autochart patterns by tendoscopic indicator will do all the heavy lifting for you in terms of identifying various price patterns this indicator can identify up to 15 different patterns and display them on the chart each pattern whether it's a wedge or ascending channel is formed using a zigzag hence by connecting highs and lows these price patterns can be classified into bullish and bearish once a price pattern has been formed you can use it to make a trading decision to buy or sell this indicator saves you a lot of time however I would strongly advise using it in combination with volume indicators supply and demand and various oscillators discussed previously in this video next up is the liquidation levels with liquidity sweeps breakouts by algo Alpha the heart of this indicator lies in its ability to track and highlight liquidity levels derived from swing pivots and sweeps across multiple time frames by calculating relative volume against a user defined threshold it identifies strong volume movements indicative of liquidity breakouts this helps filter out fake outs when a liquidity level is breached but not completely mitigated it's either marked as a bullish or bearish sweep which comes comes with the option to show an estimate of the number of liquidations during the sweep to maximize your trading efficiency with the liquidity levels with liquidation sweeps indicator follow these simple steps access the indicator settings to personalize the time frame multiplier high volume threshold and relative volume period tailor these settings to match your trading strategy and chart preferences once you're done with the settings monitor the chart for liquidity l levels and sweeps bullish sweeps are marked with green labels bearish sweeps with red and breakouts are highlighted by the chart background enable alert conditions for liquidity breakouts and sweeps within the indicator settings this feature allows you to receive real-time notifications helping you to act promptly on trading opportunities for better results use this indicator in combination with volume profiles Trend channels and oscillators next up on our list is the predictive Channel signals indicator by eagle V sniper this script is a powerful tool designed to enhance trading strategies by incorporating predictive channels multiple moving average types and dynamic signal Generation The Script is meticulously crafted for Traders who seek to identify potential support and resistance levels anticipate market reversals and optimize entry and exit points through advanced technical analysis the script calculates predictive channels based on price movements and volatility represented by adjustable factors for sensitivity and slope these channels adapt to changing market conditions providing real-time support and resistance levels you can select from a variety of moving average types this flexibility allows you to tailor the analysis to your specific strategy and Market View the indicator generates buying and selling signals based on the interaction between moving averages and predictive channels signals are categorized into low mid and high tiers indicating the strength and potential risk/reward of the trade opportunity high strength signals are highlighted with three circles middle strength with two circles and weak signals are highlighted with one Circle in practice before opening a long tra trade it is essential to check for the following confluences first the trend channel is ascending second the price is closed above the moving average third the indicator produces a strong Buy Signal Trend Channel lines can serve as profit targets 12th indicator on our list is called the liquidity sweeps Lux algo the liquidity sweeps indicator detects the presence of liquidity sweeps on the Traders chart while also providing potential areas of support and resistance or entry when liquidity levels are taken in the event of a liquidity sweep a sweep area is created which may provide further areas of Interest a liquidity sweep occurs when the price breaks through a liquidity level after which the price returns below or above the liquidity level forming a wick the script provides two options when this can happen a a wick passes a liquidity level after which the price quickly returns B first the closing price breaks through a liquidity level after a while the price retests the liquidity level and forms a wick in the opposite direction instead of a dotted line this type of liquidity sweep is represented by a dashed line when a liquidity sweep occurs this is indicated by highlighting the wick liquidity level distance this distance is also the basis for the sweep area a small three bar long dotted line starts from the opposite Wick as an extra Aid to determine potential support resistance or trade entry overall this is a great tool to have in your collection save it for later and let's move on to the next indicator on our list this tool is similar to the previous one however it does have a few differences it's called liquidity sweeps by U algo just like Lux algo script this tool aims to identify and visualize potential liquidity sweeps in the market assisting traders in spotting significant price levels where liquidity may be targeted by large orders the script highlights pivot Points and draws support and resistance lines based on userdefined parameters when a liquidity sweep occurs the script dynamically adjusts the display TR lines and provides annotations signaling potential buying or selling opportunities liquidity areas waiting to be swept are shown as pivot high in red and pivot low in green one of the most effective strategies is to wait for a liquidity area to be swept first then open a trade in the same direction on the liquidity level retest remember the Candlestick has to close below the liquidity level for short trades or above the liquidity level for long trades look at the following examples of long and short [Music] trades the 10th most powerful indicator on trading view is called the imbalance algo by IM Trader this indicator is so good that on the salana 15 minutes time frame it has a winning ratio of over 90% with a total profit of around 9% this is by risking only 1% of your account with such a high win ratio you can increase the risk up to 5% but remember forward testing with virtual money comes first don't skip this part trade with this indicator on a demo account by simply following these buy and sell signals and stop loss SL takeprofit recommendations once you get used to the strategy and satisfied with the results you can try it on a real account to make things easier you can add alerts for these buy and sell signals in the indicator's inputs you can customize its sensitivity risk per trade trade management and more on the ninth place I put an indicator called alltime high levels by your favorite Creator Lux algo the all-time high atth levels indicator displays a user set amount of historical all-time high levels made on the Traders chart highlighting potential key price levels displayed levels can be filtered out based on their duration as well as their relative distance from each other this simple but effective indicator also evaluates the role a level might have as support or resistance using a percentage classifying atth levels as either support or resistance depending on the result you see Market participants pay high attention to all-time highs made by certain assets with the most pertinent example being Bitcoin previous all-time highs can play critical roles as psychological price levels with the most recent ones often offering major resistance points and older ones being used as support you can filter out temporary a using the ath minimum duration setting removing any ath that lasts less than your specified number of bars higher values of this setting effectively preserve aths that become distinguishable Peaks these can offer more significant support and resistance levels when displaying each historical level some of them can be very close to each other you can use the minimum distance between ath setting to filter out levels too close to each other with higher values of this setting returning more spaced levels I think this indicator can play a significant role in your existing strategy add it to your favorites and let's move on to indicator number eight this script is called the price action volumetric order blocks by stratify trade the price action volumetric order blocks indicator is designed to present a different approach to normal order blocks providing volume inside metrics used to spot stronger and weaker order blocks their own volume and much more adding a good extra chunk of Confluence the following example shows how a bearish order block can have more bullish volume or more bearish volume nothing really changes in fact the order block is still bearish in this case the only thing that changes is the volume this can be used as a Confluence to know which side was traded at that specific level bearish order block with more bullish volume indicates that buyers reached exhaustion at that level and can be considered as a stronger order block bullish order block with more bearish volume means that sellers lost interest at that level and can be considered as a stronger order block as we see in the next example stronger order blocks will have a higher chance of holding better and giving stronger rejection thanks to this we can avoid weak order blocks and eliminate potential losses on the seventh place I included an indicator similar to imbalance algo this one is called or algo by flux charts Orbee stands for opening range breakout which is a common trading strategy the indicator can analyze the market Trend in the current session and give buy and sell take profit and stop loss signals this indicator works best in one minute time frame the idea here is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts however each market has its own Dynamics and the algorithm will need fine-tuning to get the best performance possible so the creator has implemented a back testing dashboard that shows the past performance of the algorithm in the current ticker with your current settings currently we're on ethereum on the 15-minute chart the algorithm achieved a win rate close to 60% I strongly suggest adjusting the algorithm settings individually for every asset and time frame sixth in my ranking is a super powerful indicator called session sweeps by Lux algo this is an absolute must in your collection the session sweeps indicator is an Innovative tool that combines ICT based features for a complete trading methodology involving Market sessions Market structure and fair value gaps to find Optimal entry conditions for trading price action Traders frequently tend to place stop or limit orders at the high and low points of major trading sessions such as Asian European and North American resulting in the establishment of liquidity pools at those particular levels the session sweeps indicator is CR crafted to recognize and highlight occurrences of session sweeps or liquidity sweeps during these major trading sessions if the price briefly crosses either the highest or lowest point of a market session these movements aimed at triggering stop losses suggest potential shifts in the market Direction detecting such movements is the fundamental purpose and core functionality of this powerful indicator a market structure shift refers to a change in Market Direction either from an uptrend to a downtrend or vice versa a part of a common entry model when using session sweeps is waiting for the formation of a change of character after a session sweep after the formation of a choc you can enter a position when the price enters the area of a fair value Gap this entry setup is commonly used by ICT Traders it works in short time frames like 5 and 15 minutes next up in my ranking is an indicator called the Gan boox by Zaman the Gan boox is an indicator that generates visual insights using the principles of WD gans's trading methods gans's techniques are based on Geometry astronomy and astrology and are used to predict upcoming price levels and market trends this indicator helps Traders identify potential support and resistance levels and forecast future price movements Gan used angles and various geometric constructions to divide time and price into proportionate Parts Gan indicators are often used to predict areas of support and resistance key tops and bottoms and future price moves the indicator operates by identifying high and low points within a visible range on the chart and drawing a gan box between these points the box is divided into segments based on selected percentages which represent key levels for observing Market reactions it includes options to display labels a gan fan and Gan angles for analysis Advanced features allow extending the box into the future for predictive analysis and reversing its orientation for alternative viewpoints using a gan angle to forecast support and resistance is probably the most popular way they are used this technique frames the market allowing The Observer to read the movement of the market inside this framework the fourth place of the most powerful indicators belongs to the periodic activity tracker by Lux algo I promise you have not seen such a volume indicator before the periodic activity tracker tool periodically tracks the cumulative buy and sell volume in a userdefined period and draws the corresponding matching bars and volume Delta fter for each period this tool provides a simple and clear way of analyzing volumes for each aggregated period and is made up of the following elements buy and sell volumes by period as red and green lines with color gradient area Delta in other words difference between buy and sell volume for each period buy and sell volume bars for each period separator between lines and bars and period tags below each pair of bars for ease of reading in trading assessing the strength of the bulls and bears is key to understanding the current trading environment which side if any has the upper hand to answer this question some Traders look at volume in relation to price this tool provides you with a view of buy volume versus sell volume allowing you to compare both sides of the market as with any volume tool the key is to understand when the forces of the two groups are balanced or unbalanced as we can observe in the following chart buy volume greater than sell volume both moving up close together flat Delta we can see that the price is in range then we see that buy volume gets bigger than sell volume both moving up but with a bigger difference the price breaks out of the range finally buy volume explodes higher and cell volume cannot keep up a big growing Delta price explodes higher above yesterday's range you need to understand that there is always an equal number of buyers and sellers in a liquid Market the quality here is how aggressive or passive they are who is attacking and who is defending who is using Market orders to move prices and who is using limit orders waiting to be filled on the third place we have a very fascinating indicator called the Fibonacci Archer box chart Prime Fibonacci AR box is a full-featured Fibonacci box indicator that automatically plots based on pivot Points this indicator shows retracement levels timelines fan lines and angles each one of these features are fully customizable with the ability to disable individual features a unique aspect to this implementation is the ability to set targets based on retracement levels and time zones this is set to 0 618 by default but you can pick any Fibonacci Zone you like in addition you will find markings that indicate when Fibonacci levels have been met or exceeded these moments are plotted on the chart as colored dots that can be enabled or disabled along with these markings are crosses that can be shown when targets are hit both of these markings are colored with the related Fibonacci level colors overall the Fibonacci Archer box is a new indicator that incorporates Fibonacci retracements and projections with an automated pivot point-based plotting system while it acknowledges the methodologies of WD Gan it distinctively utilizes Fibonacci techniques providing an effective tool for market analysis the second spot in our ranking goes to the price action fractal forecasts by algo Alpha check out how futuristic this indicator looks this innov tool utilizes the mesmerizing complexity of fractals to predict future price movements offering you a Unique Edge in the market by analyzing historical price action and identifying repeating patterns this tool forecasts future price trends providing visually engaging and actionable insights the core of the price action fractal forecasts lies in its ability to compare current market Behavior with historical data to detect similar patterns it first establishes a training data window to analyze historical prices within this window it then defines a reference length to identify the most recent price action that will serve as the basis for comparison the indicator searches through the historical data within the training window to find segments that closely match the recent price action in the reference period depending on whether you choose the anticipatory or repetitive itive forecast mode the indicator either looks ahead to predict future prices based on past outcomes following similar patterns or focuses on the repeating patterns within the reference period itself for forecasts test this magic indicator in different markets in combination with volume analysis oscillators and other price action tools finally let's unveil my most powerful trading view indicator this magic tool is called the trade IQ toolkit after years of studying different indicators and price action the chart Prime team finally came up with a tool that I believe to be the most effective on the trading view platform this is the type of indicator every Trader should have in their Arsenal to become consistently profitable we all know that 80 to 90% of trading success comes down to three things one a trading strategy with clearly defined rules that has been proven to work over time two reliable risk management with consistent stop-loss and take profit targets three a solid trading psychology the trade IQ indicator will assist you with all these aspects with this tool you can build any strategy that suits your needs what sets the trade IQ toolkit apart is its holistic approach to market analysis providing you with an all-in-one solution unlike other indicators that focus on specific aspects of trading the trade IQ tool offers a multifaceted approach it combines price action analysis Trend identification and volumetric Analysis offering a more comprehensive view of the market than any single indicator you know it includes features like supply and demand analysis trade entries with targets and stop losses and trend lines with breakouts additionally it integrates advanced concepts such as ghost order blocks that predict future support and resistance levels the indicator settings can be customized to fit individual trading Styles making it a versatile tool for both novice and experienced Traders with the integration of multi-timeframe analysis and a market bias dashboard the indicator contributes to a strategic Edge for those of you who can't wait to try this indicator out click the first link in the description and get your trade IQ toolkit risk-free

Channel: Magic Indicator Strategies

Views: 27,421

Keywords: best indicator for scalping, tradingview indicators, scalping trading strategy, forex trading strategy, algo trading, tradingview, technical analysis, best tradingview indicator, best tradingview indicator for scalping, price action, scalping strategy, scalping forex, 5 minute scalping strategy, tradeiq, tradingview tutorial, chatgpt, ai trading, artificial intelligence

Id: pOrd0why634

Length: 53min 35sec (3215 seconds)

Published: Wed Apr 17 2024