Best Tradingview Indicators 2022 📈 - (Top 5) - YouTube

yes legends welcome back to the channel as always  guys in today's video i'm not going to beat around  

the bush when i make this really simple i'm going  to show you the top five tradingview indicators  

i personally use every day to help me trade the  markets guys also in this video i'm going to show  

you my indicators i've built with my team also  called the mdx signals indicators there will be  

a link below but i'm going to go i'm going to show  you those indicators as well because we believe  

we've encapsulated a lot of the products a lot  of the indicators which i actually use in this  

one product uh and in this video guys when i go  through five indicators and then my own indicators  

to showcase them to you now also guys we'll  do a competition so in the comments below guys  

comment below your favorite trading view indicator  and why go to a competition the best comment below  

uh we will send you 100 worth of bitcoin and you  will get a free membership to mdx premium for life  

all you got to do guys to enter is comment below  put your favorite tradingview of indicator now  

i'm going to make it really quick guys this  video i'm going to dive into it right now

okay legends so what we'll do is we'll start with  the simple indicators first and then we'll go  

into some more advanced ones i'll go through the  mdx indicators as well um but we'll start with  

the simple indicators and the first indicator i  highly recommend using guides on your charts is  

the relative strength index commonly known as the  rsi now basically it's going to give you an idea  

of the momentum of the market of the price action  of the pa uh very good for spotting divergences  

very good for spotting changes in trend on any  time frame guys obviously i'm looking at the daily  

chart right now bitcoin we'll just use bitcoin  as the chart for all the indicators obviously  

bitcoin's traded so much today and obviously  you can use you can use rsi on any other indicee  

commodity equity whatever you can use on stock  shares individual stocks whatever you can use all  

these indicators i'm going to show you can use on  any type of asset on trading view um but great for  

spotting divergences it's great for um identifying  when there's some sort of a switch in momentum  

you can see here guys you know as the momentum was  coming down along here guys you see uh basically  

lower highs from the momentum and you can see  higher lows and higher highs from price action  

what you're basically seeing here guys is you say  high high high high high high high high say that  

again uh lower high low high low high low high on  the rsi what you're basically seeing there guys  

is bearish divergence and it's very powerful on  higher time frames especially macro where you know  

you have rising price action you have uh falling  momentum and actually this has resulted on bitcoin  

in a downwards move in price because the momentum  was not sustainable for a long term so rsi really  

simple guys now let's go into another indicator  guys i use a lot on the charts and it's going to  

be called the stochastic rsi so this is a more  exponential version of the rsi and as you can  

see here guys the stochastic rsi puts a lot more  weight on the most recent price action similar to  

how an ema and exponential moving average um it's  more based puts more weight on the recent the most  

recent price points of data and then an sma so an  ema to an sma similar to rsi and stochastic rsi  

and what this is going to do guys it gives you  a more exponential value and this is much better  

in my opinion for trying to time the top of  say a more more of a scalp trading type of  

strategy um you can see here guys it also gives  you divergences so you can see actually very very  

nicely on this chart as well you can see here  as we had lower uh momentum so lower highs of  

momentum we had higher higher highs and higher  loads of price action very similar to the rsi  

does um but the good thing about this is going  to give you more or say of an entry for a scalp  

trading strategy okay so we've gone lower time  frames you're actually gonna be able to use this  

to get bullish and bearish divergences on quite a  regular scale and actually have pretty darn quick  

moves from these divergences obviously divergence  doesn't always play out obviously no strategy is  

100 but you can see here guys bearish divergence  move to the downside all right uh bearish  

divergence move to the downside so i would say the  stochastic rsi is a great way and you can use it  

on macro as well guys i won't i won't lie to you  you know if you do this on the if you do this on  

the on the weekly um there isn't many occasions  where the weekly stochastic rsi won't call either  

macro long term tops or bottom but if you couple  this together with the relative strength so that's  

both that's both coming on there if you cover  this together um with two indicators like this  

it's actually going to give you another line  another line of data another line of defense  

you can say or basically another another pair of  goggles or glasses to look at the market through  

and um it's basically going to give you again you  can see here it's more of an exponential variant  

okay okay so the next indicator i want to talk  about guys is visible range also known as the vp  

vr now this is a very powerful tool and you can  use this on any time frame like i said before on  

all these indicators you can every single time  frame uh and so what this indicator does guys  

actually gives you a level on the chart where most  of the trading action has taken place so how many  

buy and sell orders have taken place on a specific  level and it gives you actually a volume no  

to show you how much volume has been played out on  each specific price level okay the reason i like  

this indicator is you can use volume but volume  doesn't actually give you a level or a price  

i like to trade linear okay i actually do trade  horizontals like one of my main trading strategies  

guys is actually trading uh sr flip so support  resistance is one of my main strategies and the  

vpvr the the vision the visual the visible range  indicator is going to give you a very good logical  

area for where support and resistance is going  to be on the chart and this is because it shows  

you where the most trading action has happened in  turn meaning that the market is a magnet to the  

liquidity a lot of the time guys you find that  these levels which the vpvr shows you act as  

support and resistance you can even see on bitcoin  right now and we do come back down to these levels  

here uh the likelihood is actually looking at  this chart you would probably find some support  

at the bottom the bottom side of this range here  you can see obviously i won't go to the charts but  

this range you would say that there's probably  going to be some resistance uh support resistance  

levels playing out down here and you can actually  play this on any time frame so if you zoom in as  

well uh you can actually do this as well maybe  put it back on uh the this uh vpvr will change  

uh in terms of how what what price actually you're  looking at it will move and it'll evolve and it'll  

basically be dynamic to whatever price actually  you're looking at okay so you can see here here's  

the level where most of the volume was traded and  you can actually use that as an sr flip and that's  

one of my main strategies i use if you watch my  stream so that's the next indicator there so guys  

next indicator the next indicator i want to talk  about is the historical volatility placentil now  

really powerful indicators guys especially on  macro what this indicator is going to show to you  

is where relatively the volatility is of the  market any given time okay so you can see here  

guys when it was when it's super red up in the  hundred hundred level okay the 100 ratio level  

100 marker you know there's high volatility in  the market and when this basically comes back  

down to say lower levels like you know 1 to 10 to  20 uh and as obviously as this moving average line  

as well that actually is indicating to you that  there's low volatility now this is this indicator  

doesn't give you say uh you know a direction of  the market but we know that markets trade like  

almost like energy flowing in and out like epping  and flowing like a spring like energy tightening  

tension building and a break and what this can  do guys and actually give you an inkling to  

when there's going to be a breakout so if you're  trading some sort of uh formation knuckle patterns  

or formations say a symmetrical triangle you come  into it usually the volatility dampens towards the  

end of the triangle and when you get the break  that's when you have an increase in volatility  

so this is a good indicator guys to give you  an idea on inkling when a breakout might occur  

and i actually use this a lot for just generally  looking at just general volatility to the market  

and coupling this guys with i'll show you now  coupling volatility and pattern recognition as you  

can see on the screen is a great way to know when  potentially a breakout could occur if you have  

very very low volatility for a long period of time  the likelihood is you're going to you're building  

up tension for a breakout and this you just take  a just take it basically a screenshot of this  

these is another strategy in itself i wouldn't  say it was an indicator but um this is basically  

chart pans forex chart patterns or whatever you  want to use them on you can use them on any chart  

these will give you an idea of potentially where  the direction of the trend is going and volatility  

will give you an idea of potentially when their  direction or the move will happen okay so you can  

use those a couple with each other to help you out  so okay so now what i want to do guys is i want to  

show you my indicators the mdx indicators we've  built through my team we've built the mdx signals  

indicators now guys these indicators i'm going  to show you this is the mdx advanced trend 2.3  

okay the version 2.3 uh these indicators actually  have coupled together a lot of the things i just  

spoke about into one easy to use indicator so  this is actually the daily scale on bitcoin guys  

what this does guys it gives you a long and  short call in any market you can see long  

it says basically buy or sell on any market on  any on any time frame you can use this indicator  

and also guys what it has is coupled in here  it has exhaustion it has stochastic rsi built  

into it and obviously has a trending line which  is using relative strength and other things as  

well in the back end which we use to give you  a general trend in terms of high lows higher  

highs and is it holding certain support levels  so what we're looking at guys right now is that  

it will give you basically it helps you trade the  market with encompassing all the industry i spoke  

about in one type of product now we have the uh  the mdx advanced trend 2.3 we actually have four  

indicators which you get in the suite of services  which we provide in the indicator suite right  

i'll just showcase you the advanced trend you can  use it on any time frame guys so obviously on the  

hourly you can see here if it does double click  there you'll be able to see it easier you can see  

the last you know the last cell caught on here was  from here guys you can actually do it and these  

orange dots mean oversold so this potentially  could be coming to an area of oversoldness in  

terms of uh the price action looking like it could  find some support and you have bullish and bearish  

divergence built in as well you have a bearish  divergence signal there as well and coupling with  

this guys you have the mdx signals advanced trend  you also have the oscillator tdi indicator as well  

which you can use this is another way it's a  sim it's similar to it's a momentum indicator  

basically it's called the uh trading dynamic index  i'll give you an example okay so just so you can  

see here how it works um in this area here when  we had this big crash in bitcoin we actually had  

bullish divergence on the tdi oscillator  okay because you can see here guys as um  

price action was coming down like this we saw that  momentum was coming up and you can see that every  

single time momentum was making a higher low  whilst price action was making a lower high and  

lower lows at the same time and actually what this  resulted in is a big build up of tension all the  

way down guys and you can see on this indicator  we had multiple counts of bullish divergence  

and when we actually got this indication here  which went oversold the orange dots mean oversold  

we had a big spring up from the bottom and you  can see as it swung round guys the momentum of the  

market swung round in terms of it being oversold  you can see price action continued to go down  

creating a divergence even though the diverge  was happening anyway indicating there was there  

was a divergence in play and then when we broke  out a certain trend lines you we already knew  

guys when we got this uh warning signal we had a  delicious rally in the itty bitty bad boy bitcoin  

bitcoin rallied i think it's a round right now 75  percent from when that said it had a warning shot  

um so basically guys just to cut this real clean  uh with the mdx suite of services you actually log  

into something called the mdx training portal and  you get the mdx um advanced trend and three other  

indicators as well as you get the tda oscillator  which is the indicator you see right now and the  

idea of it is to give you a is to help you trade  the market more simply guys and it encompasses all  

of the things i've used in my strategy before what  i showed you on the charts before okay so it's  

basically everything put together in one um but  guys that's pretty much it do the uh competition  

below guys comment what your favorite indicator  is below and why you can win the competition and  

i'll see you guys in the next video have a  great day see you later here we literally go