One of the best things about TradingView is that you get access to a ton of free indicators created by TradingView and its members.
But that is also one of the biggest challenges of using TradingView. You can spend a lot of time looking for all the clues, not to find what you are looking for.
It can be frustrating.
To make things more challenging, some sign creators publish strange signs, but give their signs strange names, so they are hard to find.
So to save you time, I will give you the must have TradingView indicators for Forex day traders.
There are some previous day high/low indicators, but most of them are disruptive.
I want a minimum amount of information on my chart and this indicator fits the description.
The best part is that you can mark weekly, monthly highs and lows on a chart.
In the example above, I marked the daily high/low for the last 2 days. That is the most useful information for me for day trading.
Notice how the price respects the levels.
To find this indicator, look for: DWM HL in TradingView.
This is one of those cases where the creator gave it a unique name, so it’s hard to find.
But now that you know how to find it, you can start using this handy indicator.
Here is a look at the settings for the indicator.
If you want to see the market high/low and open/close in one box, then this indicator is for you.
It is called the FX Market Sessions indicator.
This marks the start/end of each session and makes it easy to see the high/low of each session.
The default design is not the greatest, in my opinion. But if you change the dashed lines, remove the colors and hide the session names, this indicator works very well.
You can show or hide each of the 3 major sessions, depending on the session(s) you want to sell.
A nice touch added to this indicator is the ability to send you alerts.
Don’t forget to go to your computer in time to start your favorite session.
These notifications will also alert you to price spikes.
This is the only indicator I have found that accurately shows the overlap of the London and New York sessions behind the chart.
There are a couple of similar indicators, but they look annoying, or inaccurate.
Viewing sessions on your chart will remind you when the volume may increase or decrease.
To find this indicator, look for: Forex Session Overlaps.
I used the indicator to mark the sessions in London and New York, but you can also mark the sessions in Tokyo and Australia.
There are also options to mark market sessions during the summer season change.
Volume profile can be a good way to predict potential support and resistance points on a chart.
It shows you the price level with the most volume, which is very helpful in understanding key prices on a chart.
There are several similar signs out there, but I like this one the best.
This indicator is easier to use because it will show you the volume profile of all the candles in the current view.
So to see the volume profile of a particular move, just scroll and zoom in on your chart.
To find this indicator, look for: VRVP.
The settings are very simple and there are only a few settings.
It is important to know when the Forex trading day ends.
Sometimes, in the heat of managing multiple positions, you forget that you are heading into the interbank period.
The last indicator that Forex day traders should use is TradingView’s built-in time separator.
It’s not in the list of indicators, but you can find it in the settings.
Right-click on your chart and select Settings at the bottom of the menu.
Then go to: APPEARANCE > Session breaks
Check the box and change the color, line thickness and line type to something that suits you.
Click on the it’s ok button below and you’re good to go.
Now you can easily see when the trading day ends and you can avoid large spreads and unclean markets.
Those are the best TradingView indicators I have found Forex day trading.
I hope it saves you a ton of time and frustration.
TradingView is my favorite charting and trading platform. You can find out why I switched to TradingView here.
If you like this post, share it with someone you think would be useful.
Are there any other Forex day trading indicators that you think should be on this list?
Feel free to contact us and let us know.
Happy trading!
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