12 Free but Extremely powerful Indicators in Trading View.
🧵

1. All patterns
This will read all the candlestick patterns forming in your chart. You can initiate trade when your favorite pattern forms.
Also contains description of every pattern.
2.Elder's Force Index (EFI)
It measures the power behind a price movement using price and volume. Can also be used to identify potential reversals and price corrections. It's Divergence indicates a reversal, see in the image attached.
3. Chande Kroll Stop
Denotes the SL for either a short or long position.
Red line represents the SL for a short position, whereas the green line represents the SL for a long position. It's calculation is based on Average True range.
4. Choppiness Index (CHOP)
It determines if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction).
Higher values equal more choppiness (bad for directional traders), while lower values indicate directional trending.
5. Mass index
This calculates & shows the differences between high and low stock prices per candle. If its value increases suddenly, the chances of reversal become high.
See in this chart that reversal occurred after its sharp high value.
6. Up/Down Volume
It splits the volume values: Up Volume (calculated when the price went up) and Down Volume (calculated when the price went down).
If the Up Volume > Down Volume, aggressive buying going on : can go long.
Opposite for going short.
7. ADX
The Average Directional Index (ADX) determines the strength of a trend. If ADX is increasing, the trend is strong.
See this chart, how ADX was increasing throughout the fall of Nifty - guiding us to remain in bearish trade.
8. ADL
This is used to study market breadth. If the advance decline line is sloping upward, it means more stocks are advancing than declining.
If any discrepancy occurs between Market & ADL - high chances of reversal.
9. Key levels spaceman BTC
It shows you the important price levels of your stock/index in the same chart, which act as important S/R zones. See this image to get the idea
Those were the top 9 indicators. Three more indicators are remaining which you will get in your Twitter Inbox when you Retweet the first Tweet of the thread below
https://t.co/b0KnCaPAnA

More from The Cnceptual Trader 🇮🇳

More from Catagory trading

MEGA LEARNING THREAD

The thread contain all the FREE CONTENT which I have shared so far.

Everyone support us by RETWEET & LIKE so it can reach wider and benefit many traders.

YouTube channel - https://t.co/pUUwDN7IO5

Telegram channel - https://t.co/VU0bCGjU7s


Make sure scroll down till last tweet in this thread and learn from all the below content shared related Trading.

Join the Telegram channel for live market updates

Scroll down

Price Action Trading Strategy for Directional traders

Scroll down


VWAP + PIVOT POINTS Intraday Trading Strategy for Directional traders

Scroll down


Buyers vs Sellers - To identify index direction using candlesticks charts

Scroll down
Option Buying Simplified (PART -2)

Very important thread for all option buyers 🧵

Just 5 to 10 minutes to read but it can change your trading a lot.

Support us by RETWEET this tweet to help more option buyers to gain knowledge & to avoid getting trapped from big players https://t.co/yBZ6Y7BaGx


I do Intraday Live Market session via Youtube Live on all trading days - Follow us on twitter @learntotrade365

Join the Telegram channel for Live Market updates and more free content.

Scroll down

Main problem which most option buyers face is Option Premium erosion ( Theta Decay ). So I have shared a simple & effective process to understand the option decay during Live Market before entering option buying trades

Scroll down 👇


Follow up example from the above chart about Option premium decay during sideways market. In general most option premium erosion (theta decay) happens during sideways market.

Theta is option buyers ENEMY

Scroll down 👇


Option Buyers high probability zones while trading ATM & ITM strike prices.

VWAP helps a lot in providing data during Live Market

Scroll down 👇

You May Also Like