Get an Edge in the Markets With Premium Tradingview Paid Indicators

Tradingview has become one of the most popular platforms for technical analysis and charting. With its free basic plan, Tradingview offers a robust charting package to analyze financial markets. However, to really maximize your edge as a trader, upgrading to a premium plan unlocks Tradingview’s most powerful paid indicators. In this comprehensive guide, we’ll explore how premium Tradingview indicators can help give you valuable insights and trading opportunities.

Tradingview Paid Indicators

Key Takeaways:

What are the benefits of Tradingview’s premium indicators?

Tradingview’s premium plan unlocks unlimited access to thousands of custom indicators created by Tradingview experts and top traders around the world. These indicators go far beyond the basic technical analysis tools available in the free plan. Here are some key benefits of using Tradingview’s paid indicators:

  • More accurate buy and sell signals – Premium indicators are designed to identify potential trading opportunities and provide clear and concise buy and sell signals. This can help you make more informed trading decisions.
  • Identify support, resistance and trends – Many premium indicators help identify key support and resistance levels as well as trend direction. This insight into market movements can aid in planning entries and exits.
  • Backtesting capabilities – Many premium indicators allow you to backtest against historical data. This allows you to validate an indicator’s accuracy before putting real money at risk.
  • Customizability – Many indicators offer adjustable input parameters so you can customize indicators to suit your trading style and assets traded.
  • Access to advanced indicators – Premium access provides sophisticated indicators using advanced technical analysis calculations like Bollinger Bands, MACD, RSI and more.
  • Real-time scanning – Premium plan allows scanning across thousands of tickers in real-time to identify trading opportunities.

Fortune Trend Indicator

Access my advanced Fortune Trend Indicator

How do I unlock Tradingview’s paid indicators?

To access Tradingview’s full library of premium indicators, you’ll need to upgrade from the free plan to a paid plan. Here are the options:

  • Pro – $14.95/month paid monthly or $9.95/month billed annually
  • Pro+ – $39.95/month paid monthly or $24.95/month billed annually
  • Premium – $79.95/month paid monthly or $59.95/month billed annually

The Pro plan unlocks all standard paid indicators while Pro+ and Premium offer more real-time data and alerts. All premium plans offer a 30-day free trial so you can test drive premium features risk-free.

With thousands of custom indicators available, where do you start? Here are some of the most widely used and reliable Tradingview premium indicators:

  • Moving averages – Plots average price over time. Helps identify support/resistance and trend. Customizable durations.
  • MACD (Moving Average Convergence Divergence) – Shows relationship between two moving averages. Signals momentum shifts.
  • RSI (Relative Strength Index) – Measures speed and magnitude of price changes. Identifies overbought/oversold levels.
  • Bollinger Bands – Plots price envelopes based on volatility. Signals periods of high/low volatility.
  • Ichimoku Cloud – Plots support/resistance levels and momentum. Good for seeing overall market conditions.
  • Stochastic Oscillator – Compares closing price to range over time period. Generates oversold/overbought signals.
  • Pivot Points – Calculates potential support/resistance levels based on previous data. Helps identify intraday levels.
  • Supertrend – Clearly signals primary trend direction and strength with easy to see buy/sell signals. Smooth indicator.
  • Heikin-Ashi – Candlestick indicator that filters noise to better visualize trend. Removes market noise.
  • Donchian Channels – Plots upper/lower bands showing support/resistance levels based on price ranges.

Real examples of premium indicators in action

To see premium Tradingview indicators in action, let’s look at two examples:

Using Moving Averages to Trade Crypto

Tradingview Moving Averages to Trade Crypto

This chart of Bitcoin uses two exponential moving averages (20 & 50 periods) to generate trading signals. When the shorter moving average crosses above the longer moving average, it signals a buy. When the shorter moving average crosses below the longer moving average, it signals a sell.

Traders can use crossovers of these moving averages to identify when uptrends and downtrends begin and end. This provides clear insights on when to enter and exit positions.

Using RSI for Overbought/Oversold Levels

RSI for Overbought Oversold Levels

This chart of the S&P 500 uses the Relative Strength Index (RSI) indicator with default 14 period setting. RSI measures the speed of price changes to identify overbought (>70) and oversold (<30) conditions.

Trading signals occur when RSI crosses from overbought to oversold or vice versa. This premium indicator helps identify periods where price may be ready to reverse direction. Traders can combine RSI with other indicators to find higher probability trades.

Tips for using premium Forex Tradingview indicators

Here are some best practices when using Tradingview’s paid indicators:

  • Thoroughly backtest indicators before using with real capital
  • Use indicators in combination vs relying on a single indicator
  • Customize indicators by adjusting periods/parameters to fit your strategy
  • Focus on premium indicators that align with your trading style (swing trading, day trading, etc)
  • Use indicators on multiple timeframes to identify opportunities on both short and longer-term charts
  • Consider taking signals only when multiple paid indicators align

Onix Range Detector Indicator

Access my advanced Onix Range Detector Indicator

Are there any drawbacks to Tradingview Paid Indicators?

While premium Tradingview indicators offer some advantages, a few drawbacks include:

  • Indicators lag as they analyze past price data, not current real-time data
  • Too many indicators can lead to over-optimization and curve fitting
  • Indicators may need periodic adjustment as market conditions evolve
  • No indicator can predict future price movements with complete accuracy

Traders should combine premium indicators with a solid risk management plan that includes stops and position sizing. Indicators are best used as a tool, not a crutch.

Tradingview Paid Indicators Conclusion

Upgrading to a premium Tradingview plan unlocks a robust toolbox of powerful indicators. Traders can use these tools to better identify trading opportunities, market trends, key support/resistance levels, overbought/oversold conditions and more. However, all indicators have limitations. Use premium Tradingview indicators as part of an overall trading plan incorporates risk management best practices. With the right approach, premium indicators can provide valuable insights and tilt the odds in your favor.

Author: Dominic Walsh
blank

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

Leave a Comment

Hey.lt - Nemokamas lankytojų skaitliukas