Top Best Buy and Sell Signal Indicators on TradingView

Finding reliable buy and sell signals is crucial for profitable trading. The right indicator can identify high-probability entry and exit points objectively versus trying to guess tops and bottoms manually.

But with hundreds of indicators available on TradingView, determining which perform best for trading signals feels overwhelming. In this post, we’ll explore the most accurate buy and sell signal indicators on TradingView based on statistical testing and trader reviews.

Best Tradingview Indicators Buy Sell

Why Accurate Indicators Matter

Quality technical indicators extract the noise from price action and distill it down into systematic trade signals. Benefits of accurate indicators include:

  • Remove emotion through signaling entries and exits based on defined rules
  • Pinpoint high-probability opportunities based on backtested strategy rules
  • Provide confirmation of trade ideas in alignment with market internals
  • Allow automating signals for algorithmic or mechanical “set and forget” trading

Reliable indicators enhance trading results and can save time otherwise spent visually chart gazing for trades. Finding accurate buy/sell signals lets you trade like the pros.

Top Best Buy and Sell Signal Indicators on TradingView

After extensive analysis, these TradingView indicators consistently perform best for generating precise buy and sell trade signals:

Supertrend Indicator

Supertrend plots trading bands around price and clearly signals uptrends and downtrends. Signals include:

Buy – When price closes above the upper Supertrend line an uptrend starts signaled by an arrow.

Sell – When price closes below the lower Supertrend line a downtrend begins indicated by an arrow.

By identifying trend direction changes, Supertrend provides reliable entry signals.

Moving Average Crossover

The Moving Average Crossover indicator plots two moving averages and signals crossover points. Popular lengths are 50 and 200 periods. Signals include:

Buy – When the shorter moving average crosses above the longer moving average.

Sell – When the shorter moving average crosses below the longer moving average.

Simple crossovers accurately identify new uptrends and downtrends.

MACD (Moving Average Convergence Divergence)

MACD displays momentum using short and long moving average crossovers against a signal line. MACD signals are:

Buy – When the MACD line crosses above the signal line indicating building upside momentum.

Sell – When the MACD line crosses below the signal line suggesting downside acceleration.

As a lagging indicator, MACD confirms trend changes with precise signals.

Vanguard Warrior Indicator

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RSI (Relative Strength Index)

RSI oscillates between 0 and 100 measuring overbought (>70) and oversold (<30) levels. Signals include:

Buy – RSI rising from below 30 back above 50 signals upside momentum resuming.

Sell – RSI dropping from above 70 down below 50 indicates downside momentum accelerating.

RSI identifies trend exhaustion and potential reversals accurately.

Honorable Mentions

Other solid buy and sell signal indicators on TradingView:

  • Parabolic SAR – Plots trailing stop and reverse points.
  • Ichimoku Cloud – Crossovers and breakouts of the Cloud.
  • Volume Weighted MACD – Adds volume confirmation to crossover signals.

Rather than relying on any single indicator, combining indicators creates a robust overall signaling system.

Tips for Effective Indicator Trading

When using TradingView indicators for trade signals, keep these best practices in mind:

  • Use indicators for confirmation alongside other analysis methods.
  • Combine indicators to improve signal accuracy and avoid false signals.
  • Backtest indicator strategies over hundreds of trades to quantify edge.
  • Use indicators across short and longer timeframes for a multi-perspective view.
  • Employ prudent risk and money management around trades.

Smart traders use indicators to enhance their analysis and trade confirmation rather than as a complete black box system. Combining indicators with a structured trading plan improves results.

Conclusion

The very best TradingView indicators transform subjective chart reading into concrete, rules-based buy and sell trade signals enabling high-probability entries and exits.

Supertrend, Moving Average Crossover, MACD and RSI stand out as top accurate and reliable signal indicators. Add these high-quality indicators to your TradingView charts and gain an informational edge over basic discretionary traders.

By consistently following quality trade signals, you stand to improve win rates substantially over time. Savvy traders use accurate indicators as a key tool providing odds stacked in their favor.

Author: Dominic Walsh
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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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