TradingView indicators: Simple steps to get started
An indicator is a function built on the basis of trading statistics (such as opening, closing, minimum or maximum price, trading volumes, etc.). Analyzing changes in such values allows predicting the future movement of the market. The values of the indicator functions are displayed on the chart as lines, columns, points, geometric figures, or other visual representations.
In this solution you'll read about:
How to access TradingView indicators
When you are on Supercharts, click on the Indicators button on the top panel of the chart.
From here, select an indicator and it will appear on the chart. Its name, parameters, and values will be displayed in the chart legend.
Types of indicators
Indicators help you assess the probability of the future price movements and build your trading strategy based on the historical data. Different indicators aim at different goals.
Technical analysis allows for diverse trading styles, for which it's essential to evaluate trend, price, and volume conditions.
- Trend direction
- Momentum
- Increase or decrease in volume
- High or low volatility
- Support and resistance levels
Relative Strength Index (RSI) is one of the most popular technical indicators, appreciated and used by many traders. As a momentum indicator, it helps to gauge the strength of the recent price movement and spot the potential trend reversal.
It's plotted on the scale from 0 to 100. Values can tell us about different states of the market.
- < 30 — oversold
- 70 > — overbought
From the chart, you can see that it almost follows the direction of price, but the key here is to apply this knowledge to predict what's coming next.
Financial indicators help you analyze a company's economic and financial health. They are based on the data derived from a company's corporate reports.
- Income statement
- Balance sheet
- Cash flow
When you hover your cursor over the financial data, you can find the question mark to the right of it pressing which will open the corresponding article in the Knowledge base. Head there to find more detailed information about financial statements.
Indicators available on TradingView
TradingView comes with hundreds of built-in indicators and strategies and 100,000+ more indicators created by our community. You'll find them all in the Indicators menu, let's see what else is in there.
Favorites. This tab displays the indicators, metrics, and strategies you've chosen as your favorites. If you haven't, this tab will be empty. To mark an indicator as favorite, click on the star icon to the left of it in the list.
Personal. This tab displays the indicators written by you using Pine Script® — a programming language developed by TradingView. Visit the Pine Script page to learn more about making the most of your trading with the only programming language made by traders for traders.
Technicals. Here you can find the indicators and strategies used in technical analysis to predict future prices based on their movements and assets' trading volume.
- Indicators. Here you can find the most common and widely used indicators in the industry, such as MACD and RSI.
- Strategies. Potentially powerful tools, they are commonly used in conjunction with other indicators. To learn more about available strategies, feel free to visit our knowledge base.
- Profiles. These indicators help analyze price distribution and market dynamics over a specified time frame.
- Patterns. Repeatable formations occurring on charts are known as patterns. Learn more about chart patterns to maximize your analysis.
More info about technical indicators is in our knowledge base.
Financials. Financial data is based on a company's performance and used in fundamental analysis to predict future prices.
- Income statement. Provides information on a company's income, costs, profits, and losses over a period of time.
- Balance sheet. Helps to explore a company's assets, liabilities, and shareholder equity. Used to evaluate a company's capital structure.
- Cash flow. Allows to analyze the cash coming in and going out of a company at a specific point in time.
- Statistics. Lets you compare, contrast, and study the valuation of a specific company using financial ratios like price-to-earnings, price-to-sales, and price-to-book.
Community. The Editor's picks, Top, and Trending tabs contain indicators created with the Pine Script by other TradingView users. Try them out to optimize your trading strategy.
On TradingView you can find multiple indicators for any goal you're set to achieve. Whether you want to analyse a company's performance for a long-term investment or you're an active trader looking for sophisticated instruments.
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