Top 5 TradingView Best Indicators
Skip the basics. These are the tools that actually move the needle when you're starting out.
You've heard it a thousand times: "just use RSI and MACD."
And yeah — they work. But everyone's looking at the same thing. The edge disappears fast when the whole crowd uses identical tools.
I put real money into the market for the first time, stared at a chart covered in overlapping lines, and felt completely lost. Sound familiar?
Here's what I've learned: fewer, smarter indicators beat more, popular ones every single time. These five are the ones I wish someone had handed me on day one. They're not the sexiest names in the room — but they punch way above their weight.
Let's get into it.
WaveTrend Oscillator [WT]
Creator: LazyBear | Free on TradingView
Think of WaveTrend as a supercharged momentum reader that tells you when the market is exhausted — before a reversal happens.
It plots two lines (WT1 and WT2). When the green line crosses the red one from below at the bottom of the chart — that's your potential entry signal. Flip that for exits.
Why it works for new investors
- Detects overbought and oversold zones better than a standard RSI
- Has built-in divergence detection — the market says one thing, price says another, and you see it clearly
- Works across crypto, forex, and stocks without tweaking
- Signals are visual and easy to read — no math degree needed
"Price can lie. Momentum almost never does." — and WaveTrend reads momentum beautifully.
If a stock is dropping hard but WaveTrend is curling up, that divergence is your early warning. It's like watching the tide — price is the wave, WaveTrend is the ocean floor beneath it.
Squeeze Momentum Indicator
Creator: LazyBear | Free on TradingView
Imagine a coiled spring. The market compresses. Then — boom — it releases. Squeeze Momentum's entire job is to find that coiled spring moment before the release.
It merges two volatility tools (Bollinger Bands + Keltner Channels) to identify when the market is in a "squeeze" — meaning volatility has collapsed, and a big move is loading.
What to look for
- Gray dots on the zero line = squeeze is ON — the coil is loading
- Green dots = squeeze fired, momentum is up
- Red dots = squeeze fired, momentum is down
- The histogram bars above zero = bullish momentum building; below = bearish
I've used this one specifically before earnings releases. The squeeze goes hot, I size in — and the spring fires. It doesn't always go my way. But the setup quality is consistently better than random entries.
Best for: swing traders, crypto investors, anyone who wants to catch breakouts early.
Supertrend
Creator: KivancOzbilgic | Free on TradingView
Here's the one that made me go: "wait, it really is this simple?"
Supertrend sits directly on the price chart. Green line below price = uptrend. Red line above price = downtrend. When the color flips — that's your signal.
Why beginners love it
- Zero interpretation needed — the chart literally tells you BUY or SELL
- Works as a trailing stop — follow the line up to protect profits
- Built on ATR (Average True Range) so it adapts to how volatile the market is right now
- Works on any timeframe — from 5-minute charts to weekly
A buddy of mine started with $5,000. He used Supertrend on the daily chart for ETFs. Not glamorous — but his process was clean and he didn't blow his account. That's the win.
The trap? Choppy, sideways markets will whipsaw you. Always check if the market is trending first (pair it with ADX or the Aroon — more on that in a sec).
Volume Profile (VPVR)
Built-in TradingView tool | Requires Pro plan or above
Most people look at volume as a bar at the bottom. Rookie move.
Volume Profile flips the script — it shows you at which price levels the most trading happened. Those levels? They act like magnets. Price tends to return to them, bounce off them, or blow right through them. Either way — you know where the battlefield is.
Key concepts in 30 seconds
- Point of Control (POC) — the price level with the highest volume. Think of it as the "fair price" the market agreed on
- High Volume Nodes (HVN) — price tends to slow down and consolidate here
- Low Volume Nodes (LVN) — price tends to move through these fast, like air pockets
- When price approaches POC from below: potential resistance. From above: potential support
This is what institutional traders look at. Retail folks chase candles. Smart money watches where actual volume lives. Use VPVR and you're thinking like a pro — not a passenger.
Aroon Indicator
Built-in TradingView | Free
Nobody talks about this one. That's exactly why I love it.
The Aroon doesn't ask "how far did price move?" — it asks "how recently did price hit a new high or low?" That's a completely different question. And a smarter one.
It gives you two lines:
- Aroon Up (orange) — tracks how long since the last 25-period high. High value = recent new highs = uptrend healthy
- Aroon Down (blue) — tracks how long since the last 25-period low. High value = recent new lows = downtrend intact
How to read it without overthinking
- Aroon Up above 70 + Aroon Down below 30 = strong uptrend. Don't fight it.
- Aroon Down above 70 + Aroon Up below 30 = strong downtrend. Sit out or hedge.
- Both lines crossing near 50 = market is ranging. Don't try to be a hero.
- Aroon Up crossing above Aroon Down = early trend shift to bullish. Good early signal.
The reason I use this with Supertrend is exactly what I mentioned before — Supertrend will misfire in a sideways market. Aroon tells you whether a trend actually exists before you trust Supertrend's signal. Pair them together and you've cut out a ton of false entries.
The Quick Reference Sheet
| # | Indicator | Best For | Cost |
|---|---|---|---|
| 01 | WaveTrend Oscillator | Reversal timing, divergence | Free |
| 02 | Squeeze Momentum | Breakout entries | Free |
| 03 | Supertrend | Trend following, trailing stop | Free |
| 04 | Volume Profile (VPVR) | Support/resistance, institutional levels | Pro+ |
| 05 | Aroon Indicator | Trend confirmation, early signals | Free |
One Last Thing
Don't stack all five on one chart and stare at it until you go cross-eyed.
Pick two or three that fit your style — a momentum reader, a trend follower, and a volume tool. That's a complete picture. That's a system.
Indicators don't make decisions for you. They give you better questions to ask. The answers still come from your own judgment, your risk tolerance, and your patience.
Start paper trading with these. Watch how they behave in real charts. Then when it clicks — you'll know.
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