TradeIQ
Learn about five high success rate trading view indicators that can be used for day trading, swing trading, and scalping across cryptocurrencies, stocks, commodities, and forex. These include the Absolute Strength Histogram, Hull Suite, Vortex, SSL Hybrid, and Vu Manchu Cipher B. The video explains how to add and customize each indicator, tweak settings, and filter out false signals for profitable trades.
Top 5 TradingView Indicators That Will Take Your Trading to the Next Level
Introduction
– Importance of using indicators in trading
– Indicators have a high success rate
– Indicators can be used for day trading, swing trading, and scalping
– Indicators can be used for trading crypto, stocks, commodities, or forex
1. Absolute Strength Histogram
– Fifth place on the list
– Over 60% win rate
– Easy to add to chart
– Can be used as a main confirmation indicator
– Signals are easy to understand
– Can be tweaked to eliminate false signals
2. Vortex
– Fourth place on the list
– Two-line cross indicator
– Can be used as first confirmation or exit indicator
– Can be filtered to eliminate false signals
– Kijunsen can be added for overall trend direction confirmation
3. SSL Hybrid
– Third place on the list
– Includes multiple tools
– Baseline can serve as confirmation indicator
– ATR bands included for setting stop losses
– Exit arrows included for exit signals
4. Vu Manchu Cipher B
– Second place on the list
– Can be used as first confirmation indicator
– Can be simplified for better understanding
– Zero line, money flow index, and moving averages included
5. Ichimoku Cloud
– First place on the list
– Includes multiple tools for overall trend direction confirmation
– Can be used for entering and exiting trades
– Simple rules for entering trades
– Can be used for trailing stop losses
Conclusion
– Indicators can greatly improve trading success
– These 5 indicators are highly recommended for all traders
– Remember to always backtest and tweak indicators for optimal performance.
