Today we’re going to run through the best TradingView indicators that you should be using to help supercharge your profits. These indicators will each help you cut through market noise and make better, more data-driven trading decisions.
These trading indicators are all fantastic, and knowing how to navigate them properly is a vital factor in a trader’s success. However, it can be incredibly time-consuming to analyse all of these different indicators individually, and confusing trying to merge so many different data points into a market prediction.
1. MDX ALGO
MDX ALGO has incorporated every single indicator listed below into one ultra powerful MDX ALGO indicator suite. MDX ALGO gives you all the best TradingView indicators in one place. Sign up for a 7 day free trial of MDX ALGO here.
2. Relative Strength Index (RSI)
The RSI will give you an idea of the momentum of price action of a given asset, helpful for spotting divergences, switches in momentum and changes of trend, whether in crypto or the stock market. For example, when price action is creating higher highs, but the RSI is creating lower lows, it can indicate a potential reversal or change in trend.
3. Stochastic Relative Strength (Stoch/RSI)
The Stochastic RSI is a more exponential version of the RSI, putting a lot more weight on the most recent price action. It is much more valuable for scalp trading, and trying to time tops or bottoms. It is read very similarly to the RSI example we gave above. Very reliable for reading bullish and bearish divergences, both on micro and macro timeframes.
4. Visible Range (VPVR)
The VPVR indicates a visible level on the chart where most of the trading action has taken place. It gives you a volume node, showing how much volume has been traded at each level. It is great for trading support and resistance flips, giving you a great idea of strong support and resistance levels, based on previous influxes of volume. It is dynamic, and changes as new data is added to the market, showing how the market is a magnet to liquidity.
5. Historical Volatility Percentile (HVP)
This shows what the volatility of the market is at any given time. When it marks high (100) it shows high volatility, when it marks low (10-20) it shows low volatility. It can give you an inkling as to when there may be a break-out. Low volatility for extended periods of time can indicate an upcoming strong move, and therefore high volatility. Coupling volatility and chart pattern recognition is a great way of predicting where and when break-outs may occur.
MDX ALGO utilises all of the best Bitcoin TradingView indicators mentioned above, and more to give you an all-in-one, simple to use, powerful indicator. MDX ALGO gives you the tools to make more informed, data-driven trades, limiting the risk factor and maximising your chances of making profitable trades over medium to long-term timeframes.
By analysing historical data, MDX ALGO is able to anticipate likely future market moves which you can use to get ahead of the masses and place automated orders dependant on predefined rules chosen by you. Created by professional traders with decades of combined experience in cryptocurrency, MDX ALGO really is the place to find the best TradingView indicators right now.
Sign up for a 7 day free trial of MDX ALGO here.