One of the best things about TradingView is that you have access to tons of free indicators created by TradingView and its members.
But it’s also one of the biggest challenges of using TradingView. You can spend a lot of time searching all the indicators and you just can’t find what you’re looking for.
It can be frustrating.
To make matters worse, some indicator creators publish great indicators, but give their indicators weird names that make them hard to find.
To save you time, here are the must-have TradingView indicators. forex day trader.
Yesterday High Low Indicator
There are quite a few previous day high/low indicators, but most of them are distracting.
The chart needs minimal information and this indicator fits the description.
The best part is that you can also mark weekly and monthly highs and lows on one chart.
In the example above, we marked the daily highs/lows for the last two days. This is the most useful information for me regarding day trading.
Notice how price respects these levels.
To find this indicator, search for: DWMHL on tradingview.
It’s one of those oddly named cases by its creator, so it’s hard to find.
But now that you know how to find it, you can start using this handy indicator.
Here are the settings for the indicator.
forex market session box
If you want to see the high/low and open/close price of the market inside the box, this indicator is for you.
it is called forex market session indicator.
You can mark the start/end of each session and easily see the high/low price of each session.
The default design is not the best in my opinion. However, if I change the dashed line, remove the color and hide the session name, this indicator works great.
Each of the three main sessions can be shown or hidden depending on which session you want to trade.
A nice addition to this indicator is the ability to send alerts.
Don’t forget to access your computer in time for your favorite session to start.
These notifications also warn of price breakouts.
market session time
This is the only indicator I have found that accurately shows the overlap of the London and New York sessions behind the chart.
I had some similar indicators, but they were hard to see or not accurate.
You can see when the volume increases or decreases by looking at the session on the chart.
To find this indicator, search for: Overlapping forex sessions.
We use indicators to mark the London and New York sessions, but you can also mark the Tokyo and Australia sessions.
There is also an option to mark market sessions during daylight saving time changes.
viewing zone volume profile
volume profile A great way to predict potential support and resistance points on the chart.
It shows you the price level that had the most volume, which is very helpful in understanding the key prices on your chart.
There are some similar indicators, but I like this one best.
This indicator is a bit easier to use as it shows the volume profile of all candlesticks in the current view.
Therefore, to view the volume profile of a particular movement, simply scroll and zoom the chart.
To find this indicator, search for: VRVP.
The settings are also very simple, with only a few settings.
It is important to know exactly when the forex trading day ends.
Sometimes, in the middle of managing multiple positions, you forget you’re heading into an interbank period.
The final indicator every forex day trader should use is the period separator built into TradingView.
It’s not in the metrics list, but you can find it in the settings.
Right click on the chart and select Configuration It’s at the bottom of the menu.
Then go to: exterior > session break
Check the boxes and change the color, line weight and line type to suit you.
click have understood Click the button at the bottom and you’re good to go.
You can now easily see when the trading day ends and avoid wide spreads and illiquid markets.
These are the best TradingView indicators I have found day trading forex.
I hope this saves you a lot of time and frustration.
TradingView is my favorite charting and trading platform. Read more about why I switched to TradingView here.
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Are there any other forex day trading indicators that you think should be on this list?
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