What is the best indicator for support and resistance in TradingView? (2024)

What is the best indicator for support and resistance in TradingView?

Volume Profile: Although primarily used for volume analysis, the Volume Profile indicator can also identify significant support and resistance levels based on volume distribution. The Volume Profile indicator on TradingView is non-repainting and can assist in pinpointing areas of high and low liquidity.

Which is best support and resistance indicator in TradingView?

Mxwll MTF S/R: The Mxwll MTF Support & Resistance indicator is designed to identify crucial support and resistance levels across multiple timeframes. By considering various timeframes, this indicator provides a more comprehensive view of the market's underlying structure.

What is the best indicator to show support and resistance?

Some of the indicators that plot semi-dynamic support and resistance lines are Trendlines, Fibonacci Tool and Pivot Points. These indicators plot support and resistance lines that change methodically as time and price change.

What is the most powerful indicator in TradingView?

This indicator is called "Multi Bollinger Bands with Over Zone". The indicator uses linear regression to calculate the regression line and standard deviation to calculate the upper and lower deviation lines.

What is the leading indicator in TradingView?

The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average.

How do you find strong support and resistance?

To identify support or resistance, you have to look back at the chart to find a significant pause in a price decline or rise. Then look forward to see whether a price halts and/or reverses as it approaches that level.

What is the TradingView indicator that shows support and resistance levels?

The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones.

Which EMA is best for support and resistance?

Traders can use any moving average that they like, some common lengths are the 9, 21, 50, 100 and 200 period moving averages. Traders might use the 100-period moving average on a daily chart to indicate stronger and longer term levels of support and resistance. Price may only move this far every few months.

Which indicator shows buy and sell signals?

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

Which is the world most accurate indicator?

List of the best technical indicators
  1. Moving Average Indicator (MA) ...
  2. Exponential Moving Average Indicator (EMA) ...
  3. Moving Average Convergence Divergence (MACD) ...
  4. Relative Strength Index (RSI) ...
  5. Percentage Price Oscillator indicator (PPO) ...
  6. Parabolic SAR indicator (PSAR) ...
  7. Average Directional Index (ADX)

Which technical indicator is the most accurate for intraday trading?

Some best indicators for intraday include relative strength index (RSI), moving averages, stochastic oscillator, Bollinger Bands and volume. Moving averages help traders identify trends and potential reversals, while RSI and stochastic oscillators indicate overbought or oversold conditions.

Which is the best indicator for intraday trading in TradingView?

Indicators, Strategies and Libraries
  • RiverFlow ADX Screener. ...
  • Regression Channel Alternative MTF V2. ...
  • BankNifty 5min Supertrend Based Strategy. ...
  • NIFTY 50 5mint Strategy. ...
  • Auto anchored VWAP Highest/Lowest Last 'n' bars. ...
  • HMA Breakout Buy/Sell indicator for Scalping & Intraday - Shyam. ...
  • M0PB (Momentum Pullback)

What is the best indicator for 1 minute scalping?

First off, both SMA and EMA are the best indicators for 1 minute scalping. The Simple Moving Average (SMA) tracks the average closing price of the last number of periods. For example, a 50-day SMA will display the average closing price of 50 trading days, where all of them are given equal weight in the indicator.

What is the success rate of support and resistance?

Breakouts can fail in any pattern; some more than others. Remember that a breakout is a signal that prices are beginning to trend, either upward or downward. As noted earlier, key level (resistance and support) breakouts and approaches have very high (~ 75%) success rates.

What is the best time frame to draw support and resistance for intraday?

A lot of research has suggested that the best time frame for intraday trading for beginners is between 10.15 a.m. and square-off trade is 2.30 p.m. Due to the subsiding of morning stock volatility between 10.00 a.m. to 10.15 a.m., this timeframe presents the ideal opportunity for placing intraday transactions and ...

Is trading support and resistance profitable?

Introduction. When it comes to trading in financial markets, one of the key concepts that traders need to understand is support and resistance. These are the levels at which prices tend to stop or reverse their movements, and they can be incredibly useful in making profitable trades.

Which chart shows support and resistance?

One way to help you find these zones is to plot support and resistance on a line chart rather than a candlestick chart. The reason is that line charts only show you the closing price while candlesticks add extreme highs and lows to the picture.

What is the best RSI setting in Tradingview?

Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may reduce the number of signals. You can also use RSI to identify divergences, strength, reversals, general trend etc.

Which indicator is best for price action?

The Supply and Demand Indicator is a valuable tool in the arsenal of any price action trader. By providing clear and objective signals based on the fundamental principles of supply and demand, it assists traders in making informed decisions in the ever-changing world of financial markets.

What is the 5 10 20 EMA strategy?

Overview. This strategy calculates the 5-day, 10-day and 20-day exponential moving average (EMA) lines and uses the Super Trend indicator to generate buy and sell signals. It generates buy signals when the 5-day EMA crosses above the 10-day EMA and both the 5-day and 10-day EMA cross above the 20-day EMA.

What EMA do professional traders use?

Short-term traders typically rely on the 12- or 26-day EMA, while the ever-popular 50-day and 200-day EMA is used by long-term investors. While the EMA line reacts more quickly to price swings than the SMA, it can still lag quite a bit over longer periods.

How do you know if its a break of support or resistance?

Determining whether a support or resistance line has been successfully broken requires careful analysis of price movements and volume. Here are some key indicators to consider: 1. Price Breakthrough: A successful break occurs when the price convincingly moves above a resistance line or below a support line.

Which indicator gives early signals?

Relative strength Index

It is used to give early trade signals, that is why it is a leading indicator. It helps in identifying overbought and oversold territories.

What is the big move indicator?

This indicator marks big candles (major moves in percentage) on the chart and, more importantly, you will be able to add an alert to them. Indicator checks if the height (high - low) of last closed candle is bigger than the specified percent of the close of its previous.

Which indicator confirms trend?

Popular trend indicators include the Bollinger Band, MACD, Relative Strength Index, On-Balance Volume (OBV) and the Parabolic SAR. Each trend indicator analyses prior asset data to forecast future pricing movements.


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