Best TradingView Indicators 2022 (Top Five) | MDX Crypto

Best TradingView Indicators 2022 (Top Five)

Best TradingView Indicators 2022 (Top Five)

The best TradingView indicators in 2022 to smash trading goals. Use these indicators to make better decisions when trading the market – you will know some of these classic ones already but if not here is a top five breakdown that includes traditional indicators along with MDX Algo which encompasses them all in one easy-to-use, ultra powerful indicator – let’s go!

Best TradingView Indicators 2022 (Top Five)
Suite of MDX Algo Indicators

RSI Indicator (Relative Strength Index)

The RSI indicator gives you an idea of the momentum of the market – it’s very good for spotting divergences and changes in trend. The RSI is very powerful when used on macro timeframes, usually with rising price action coupled with falling momentum it signs a potential bearish divergence because the momentum was not sustainable in the long run. 

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Stochastic RSI (Stoch/RSI)

The Stochastic RSI puts more weight on the most recent price action. It’s a more exponential version of the Relative Strength Index, great for timing entries when using a scalping strategy. Signals for bearish divergence on the Stoch/RSI will usually result in a downwards move in the price action.

On a macro timescale looking at the weekly bitcoin price action, there are many occasions when the Stoch/RSI accurately signals macro long term tops or bottoms. Often on the charts you will see correlations between momentum and price action play out consistently – but remember no strategy is 100% guaranteed and the Stoch/RSI should be one of many tools used in trading analysis.

Visible Profile Volume Range (VPVR)

This indicator shows you where most of the trading action has taken place, the amount of buy and sell orders at a specific price level. This is useful because most of the time, when using a support and resistance trading strategy, the volume and liquidity will act as a magnet for the market, allowing effective trading using S/R flips.

Historical Volatility Percentile (HVP)

An extremely powerful indicator especially on macro timescales. This shows you relatively where the volatility is of the market at any given moment in time. When it’s reaching around the 100 marker level and super red you know there’s an area of high volatility. If it reaches levels of 1-20 you can see there’s areas of low volatility – it doesn’t give you an indication of the direction of the market but it’s a great signal for when there’s tension building and an inclining of when there’s going to be a breakout. 

Using HPV with forex chart patterns is extremely powerful, for example in a symmetrical triangle formation usually the volatility dampens towards the end of the triangle and breakouts happen when there’s an increase in volatility.

Forex Chart Patterns MDX Algo

MDX Algo Indicators (MDX Algo)

The team at MDX Algo have combined all the best features from the indicators mentioned above into one, easy-to-use powerful indicator. It gives you a long and short call in any market and on any timeframe.

Exhaustion points, Stochastic RSI and a trend line that uses Relative Strength and other indicators are all built into it, with the MDX Advanced Trend and the TDI Oscillator working in confluence providing accurate buy and sell calls, along with warnings when price action is entering oversold/undersold territory. Below on the chart you can see easy to read orange dots on the oscillator flagging for bullish and bearish divergences.

MDX Algo Demonstration

So there is our top five best TradingView Indicators 2022. Remember legends that access to MDX Algo gives you 5 indicators for your trading strategies. The powerful Advanced Trend, the TDI Oscillator and three more of the best indicators available to help you trade the market more simply.