TOP 5 FREE TRADINGVIEW INDICATORS – BUY/SELL

INTRODUCTION

TradingView is a popular platform that offers a wide range of indicators to help traders make informed investment decisions. These indicators provide valuable insights into market trends and help identify potential buy and sell signals. The best part is that TradingView offers many of these indicators for free. Making it accessible to traders of all levels. In this section, we will provide a brief overview of the top 5 free TradingView indicators that can help you in your trading journey.

Explanation of TradingView indicators

TradingView indicators are mathematical calculations based on historical price and volume data. These calculations are plotted on the price chart, allowing traders to visualize and analyze market trends. Indicators can help identify potential entry and exit points, as well as provide insights into market strength and momentum.

Importance of using free indicators

Free indicators offered by TradingView are a great resource for traders, especially those who are just starting out. These indicators provide valuable information without the need for expensive subscriptions or proprietary software. By using free indicators, traders can access powerful tools that can help them make more informed trading decisions.

Brief overview of the top 5 indicators

The top 5 free TradingView indicators include the Squeeze Momentum Indicator, Lux Algo Elliott Wave Indicator, Super Trend Indicator, Custom MACD Indicator, and VIX Fix Indicator. Each of these indicators offers unique insights into market trends. And can be used to identify potential buy and sell signals.

Link to sign up for a free TradingView account

If you're interested in exploring these indicators and using them in your trading strategy, you can sign up for a free TradingView account. Simply click here to create your account and start using these powerful indicators.

SQUEEZE MOMENTUM INDICATOR

The Squeeze Momentum Indicator is a popular tool on TradingView that helps traders identify potential buy and sell signals. It utilizes Bollinger Bands and Keltner Channels to visualize changes in momentum on the price chart. By understanding the indicator and its signals, traders can make more informed trading decisions.

Explanation of the squeeze momentum indicator

The squeeze momentum indicator consists of a histogram that shows the momentum of the price entering either a bearish or bullish period. The indicator's midline is an important reference point, as it turns gray when the squeeze is released and indicates a potential change in momentum. This change can be used to identify trading opportunities.

How to use the indicator to identify bearish and bullish periods

Traders can use the squeeze momentum indicator to identify bearish periods when the histogram shows negative momentum and the midline turns black. Conversely, bullish periods are indicated when the histogram shows positive momentum and the midline turns gray. These signals can help traders determine the direction of the market.

Different ways to trade using the indicator

There are multiple ways to trade using the squeeze momentum indicator. One approach is to wait for the first gray print on the midline before taking a trade in the direction of the trend. Another method is to observe the momentum swings, taking positions when bearish momentum starts to swing up into bullish momentum. However, momentum indicators like this can be slightly late to signal changes. So traders should exercise caution and use additional analysis.

Example of using the indicator in the current trend

In the current Bitcoin trend, which appears to be an uptrend, traders could look for opportunities to take long positions on pullbacks within the trend. By observing bearish price momentum turning into bullish momentum, traders can identify potential entry points. However, it's crucial to consider other factors such as the overall market trend and fundamental analysis to make well-informed trading decisions.

LUX ALGO ELLIOTT WAVE INDICATOR

The Lux Algo Elliott Wave indicator is a powerful tool available on TradingView that can help traders identify potential buy and sell signals. This indicator specifically focuses on Elliott wave patterns, which are a popular method of analyzing market trends and predicting future price movements.

Introduction to the Lux Algo Elliott Wave indicator

The Lux Algo Elliott Wave indicator uses complex algorithms to automatically identify and plot Elliott wave patterns on the price chart. These patterns are based on the theory that market prices follow repetitive wave patterns, consisting of a series of upward and downward price movements. By analyzing these patterns, traders can gain insights into market trends and make more informed trading decisions.

Explanation of Elliott wave patterns and their significance

Elliott wave patterns are a form of technical analysis that identifies the underlying structure of price movements in financial markets. These patterns are composed of impulsive waves, which move in the direction of the trend, and corrective waves, which move against the trend. By understanding these patterns, traders can anticipate potential trend reversals, breakouts, and continuation patterns.

Benefits of using the indicator to identify patterns

The Lux Algo Elliott Wave indicator offers several benefits for traders. Firstly, it saves time and effort by automatically identifying and plotting Elliott wave patterns on the chart. This eliminates the need for manual analysis and allows traders to quickly identify potential trading opportunities. Additionally, the indicator provides clear visual signals, making it easy to interpret the patterns and make trading decisions.

Example of the indicator on the Bitcoin chart

Let's take a look at an example of how the Lux Algo Elliott Wave indicator can be used on the Bitcoin chart. In the current trend, which appears to be an uptrend, traders could look for opportunities to take long positions on pullbacks within the trend. By observing bearish price momentum turning into bullish momentum, traders can identify potential entry points. However, it's crucial to consider other factors such as the overall market trend and fundamental analysis to make well-informed trading decisions.

SUPER TREND INDICATOR

The Super Trend indicator is a popular tool on TradingView that helps traders identify longer-term trends in the market. This indicator uses the Average True Range (ATR) to calculate the stop loss level for a trade, making it a useful tool for risk management.

Explanation of the Super Trend indicator

The Super Trend indicator consists of two lines plotted on the price chart. The upper line represents the resistance level, and the lower line represents the support level. When the price is above the upper line, it indicates an uptrend. And when the price is below the lower line, it indicates a downtrend.

How the indicator shows longer-term trends

The Super Trend indicator is effective in showing longer-term trends because it takes into account the volatility of the market. The ATR is used to calculate the distance between the current price and the stop loss level. This distance is then multiplied by a factor to determine the position of the upper and lower lines on the chart.

Using ATR for stop loss

The Super Trend indicator uses the ATR as a guide for setting the stop loss level for a trade. The ATR measures the average range of price movement over a specific period. By using the ATR, traders can set their stop loss level at a distance that takes into account the volatility of the market. Reducing the risk of getting stopped out by short-term price fluctuations.

Example of using the indicator on the Bitcoin chart

Let's take a look at an example of how the Super Trend indicator can be used on the Bitcoin chart. When the price is above the upper line, it indicates an uptrend, and traders may consider taking long positions. On the other hand, when the price is below the lower line, it indicates a downtrend, and traders may consider taking short positions or staying out of the market. However, it's important to note that the Super Trend indicator should be used in conjunction with other technical analysis tools and market indicators for more accurate trading decisions.

CUSTOM MACD INDICATOR

Intro to the custom MACD indicator:

The custom MACD indicator is a modified version of the MACD (Moving Average Convergence Divergence) indicator available on TradingView. It provides traders with additional buy and sell signals by incorporating certain modifications to the standard MACD formula.

Benefits of using the indicator for buy and sell signals:

• Enhanced accuracy: The custom MACD indicator improves the accuracy of buy and sell signals, allowing traders to make more informed trading decisions.
• Early detection of trend reversals: The modifications in the custom MACD indicator help identify potential trend reversals earlier, giving traders an advantage in capturing profitable trades.
• Reduced lag: The custom MACD indicator reduces lag compared to the standard MACD, providing traders with more timely signals and minimizing the risk of entering or exiting a trade too late.

Using exponential moving averages in conjunction with MACD:

The custom MACD indicator utilizes exponential moving averages (EMAs) in its calculation. EMAs are widely used in technical analysis to identify trends and generate signals. By combining MACD with EMAs, traders can get a more comprehensive view of market trends and make better trading decisions.

Example of using the indicator on different time frames:

The custom MACD indicator can be applied to different time frames, allowing traders to analyze trends and generate signals based on their preferred trading strategy. For example, on shorter time frames, such as the 1-hour chart, traders can use the custom MACD indicator to identify short-term trends and capture quick profits. On longer time frames, such as the daily chart, traders can use the indicator to identify longer-term trends and hold positions for extended periods.

VIX FIX INDICATOR

The VIX Fix indicator is a useful tool available on TradingView that helps traders identify large drawdowns within the price. While it does not provide specific buy or sell signals, it can identify potential buying opportunities during these drawdowns.

Explanation of the VIX Fix indicator

The VIX Fix indicator utilizes Bollinger Bands to identify periods of high volatility and drawdowns within the price. It displays a histogram that represents the magnitude of the drawdown, allowing traders to easily visualize these periods of market turbulence.

Identifying large drawdowns within the price

Traders can use the VIX Fix indicator to identify periods of large drawdowns within the price. These drawdowns are often accompanied by increased volatility, indicating potential buying opportunities. By keeping an eye on the indicator, traders can be alerted to these periods and take advantage of them.

Using the indicator to find potential buying opportunities

When the VIX Fix indicator shows a large drawdown within the price, it can be an indication that the market is oversold and due for a bounce. Traders can use this information to find potential buying opportunities and enter the market at more favorable prices. It's important to note that additional analysis and confirmation from other indicators or technical analysis tools may be required before making a trading decision.

Example of using the indicator to pick up more Bitcoin

Let's say a trader has a long bias and wants to pick up more Bitcoin during a downtrend. By keeping an eye on the VIX Fix indicator, the trader can look for large drawdowns within the price. When a significant drawdown occurs, indicating increased volatility, the trader may consider buying more Bitcoin at that point. This strategy allows the trader to take advantage of market dips and potentially accumulate more Bitcoin at lower prices.

FAQ

Here are some frequently asked questions about TradingView and the free indicators discussed in this blog:

What is TradingView?

TradingView is a popular platform that offers a wide range of indicators to help traders make informed investment decisions. It provides valuable insights into market trends and helps identify potential buy and sell signals.

How do I sign up for a free TradingView account?

To sign up for a free TradingView account, simply go to the TradingView website and click on the sign-up link. Follow the instructions to create your account and start accessing the free indicators.

Can I use these indicators for trading other cryptocurrencies?

Yes, these indicators can be used for trading other cryptocurrencies. The indicators discussed in this blog, such as the Squeeze Momentum Indicator, Lux Algo Elliott Wave Indicator, Super Trend Indicator, Custom MACD Indicator, and VIX Fix Indicator, can be applied to different cryptocurrencies to identify potential buy and sell signals.

Are these indicators suitable for beginners?

Yes, these indicators are suitable for beginners. TradingView offers a user-friendly interface and the indicators discussed in this blog provide clear visual signals, making it easy for beginners to interpret the patterns and make informed trading decisions. However, it's important for beginners to also educate themselves on trading strategies and market analysis to effectively use these indicators.

BONUS CATCHER

Check our Bonus Catcher below and get the best bonuses available :

Bonus Info	Code	Software	Action
100 Free Spins	Automatic	Realtime Gaming	CLAIM BONUS
1,000 Free Spins + $3,500	Automatic	Realtime Gaming	CLAIM BONUS
$200,000 rewards	Automatic	1x2Gaming	CLAIM BONUS
$30,000 Bonus	Automatic	Saucify	CLAIM BONUS
$100,000 Jackpot	Automatic	Novomatic	CLAIM BONUS
$30,000 reward	Automatic	NetEnt	CLAIM BONUS
$75,000 every week	Automatic	Saucify	CLAIM BONUS
$100,000 every day	65NDR	Rival Gaming	CLAIM BONUS
200% bonus	Automatic	Saucify	CLAIM BONUS
$7,500 Daily Reward	Automatic	Microgaming	CLAIM BONUS
125% Welcome Bonus	CRYPTO88	Saucify	CLAIM BONUS
$200,000 Bonus	Automatic	Realtime Gaming	CLAIM BONUS
$30,000 No Deposit	Automatic	Bally	CLAIM BONUS
Free Lucky Spins 5 btc	Automatic	GameArt	CLAIM BONUS
10 Free Spins	Automatic	Microgaming	CLAIM BONUS
20 Free Spins	Automatic	Softswiss	CLAIM BONUS

ALTERNATIVE CASINOS AND BONUSES :

– €500 BONUS LUCKYKONG	– $6000 BONUS ROLR CASINO
– 1000 FREE SPINS BETFURY	– WIN A TESLA BITSTARZ CASINO
– STAKE REVIEW	– 1XBIT REVIEW
– $1,000,000 BC GAME	– $45,000 BONUS BSPIN CASINO

TOP RATED CRYPTOCURRENCY EXCHANGES:

– PHEMEX	– XT.COM
– KUCOIN	– LBANK
– MEXC	– BINGX
– BITFINEX	– BYBIT

GET $50 FREE

1 - Use our exclusive link : https://simpleswap.io/?ref=d52fa72ff3b6
2 - Finish a crypto exchange using our promocode : u5bz3pBhYsMdeZYt
3 - Find $50 in Bitcoin in your Simpleswap account!

YOU MAY ALSO BE INTERESTED IN :

• 
  DEXSCREENER TUTORIAL: FIND AND TRADE MEME COINS
• 
  6 LOW CAP GAMING CRYPTOS WITH HUGE POTENTIAL
• 
  CRYPTO TECHNICAL ANALYSIS BASICS – BEGINNER’S GUIDE
• 
  THE BEST BITCOIN WALLET APP : EXODUS

CRYPTO TIPS CRYPTO CASINO BONUSES (250+)