You can apply an indicator (such as a Moving Average) or strategy not only to price data, but to another indicator as well. This opens a world of possibilities for technical analysis as well as finding new opportunities to trade.
There are three ways to do it:
1. Click the "More" button (the three horizontal dots) next to the title of the indicator you wish to use as an external input, select "Add Indicator/Strategy on…" and then choose the indicator or strategy that will be using the first indicator as an input.
2. Right-click on an indicator's plot. Then select "Add Indicator/Strategy on…"
3. Add the external input from a script's "Settings/Inputs" tab. To do this, first make sure both scripts are loaded on your chart. Click the "Settings" cog next to the title of the indicator or strategy to which you want to connect an external input. Then, from the "Inputs" tab, click on the source dropdown and select a plot from the other indicator you want to use as an external input.
Sources used as external inputs must originate from indicators, not strategies.
Please note that not all indicators can be calculated based on another indicator due to various technical nuances.
2. Right-click on an indicator's plot. Then select \"Add Indicator/Strategy on…\"
3. Add the external input from a script's \"Settings/Inputs\" tab. To do this, first make sure both scripts are loaded on your chart. Click the \"Settings\" cog next to the title of the indicator or strategy to which you want to connect an external input. Then, from the \"Inputs\" tab, click on the source dropdown and select a plot from the other indicator you want to use as an external input.
Sources used as external inputs must originate from indicators, not strategies.
Please note that not all indicators can be calculated based on another indicator due to various technical nuances.
"},"popular":{"43000482542":{"solutionId":43000482542,"folderId":43000548581,"categoryId":43000363655,"title":"I forgot my username/password and would like to restore access to TradingView","lang":"en","updatedAt":"2024-04-01T13:11:29.000Z"},"43000473924":{"solutionId":43000473924,"folderId":43000547053,"categoryId":43000359303,"title":"Is US stock market data free by default?","lang":"en","updatedAt":"2024-03-20T10:45:34.000Z"},"43000502023":{"solutionId":43000502023,"folderId":43000554058,"categoryId":43000359303,"title":"I want to access Extended Hours data","lang":"en","updatedAt":"2024-03-18T09:47:35.000Z"},"43000471715":{"solutionId":43000471715,"folderId":43000547069,"categoryId":43000359310,"title":"I have been automatically charged after my trial and want a refund","lang":"en","updatedAt":"2022-05-19T06:23:37.000Z"},"43000471716":{"solutionId":43000471716,"folderId":43000547069,"categoryId":43000359310,"title":"I was automatically billed for 1 or 2 years and would like to have a refund","lang":"en","updatedAt":"2022-05-31T09:30:18.000Z"},"43000661857":{"solutionId":43000661857,"folderId":43000547456,"categoryId":43000359310,"title":"I paid for a plan, but my account has not been upgraded. How do I contact Support?","lang":"en","updatedAt":"2023-12-13T12:30:16.000Z"}},"language":"en","blogUrl":"https://www.tradingview.com/blog/en/","isMobileApp":false,"blackfridaySolutionShown":false,"cybermondaySolutionShown":false,"chatEnabled":false}}
FAQs
Simply open both indicators, then click the three little dots at the end of the indicator name and select 'Move to' , select which way you want the indicator to go to, this will then place both indicators in the same window.
How to turn indicator into strategy? ›
3 steps to go from indicator to TradingView strategy
- Create a new strategy script in TradingView's Pine Editor. ...
- Remove unnecessary code copied over from the indicator script. ...
- Now make the necessary code adjustments to turn the cleaned indicator code into a proper trading strategy:
Simply open both indicators, then click the three little dots at the end of the indicator name and select 'Move to' , select which way you want the indicator to go to, this will then place both indicators in the same window.
What is the difference between an indicator and a strategy? ›
An indicator is not a trading strategy. While an indicator can help traders identify market conditions, a strategy is a trader's rule book and traders often use multiple indicators to form a trading strategy.
How to apply indicators on TradingView chart? ›
Access the indicator menu: To add an indicator, look for the “Indicators” button in the top toolbar of the chart. It is represented by a beaker icon. Click on this button to open the indicator menu.
How do you set up an indicator? ›
A trader can create an indicator by following several simple steps:
- Determine the type of indicator you wish to build: unique or hybrid.
- Determine the components to be included in your indicator.
- Create a set of rules (if necessary) to govern when and where price movements should be expected to occur.
One typical combination is to use moving average convergence divergence (MACD) and a chart showing support and resistance. A trader could use one momentum and one trend indicator, for example, a stochastic oscillator (a momentum indicator) and an Average Directional Index (ADX) (a trend indicator).
What is the best indicator in TradingView? ›
Below, we will explore the top 10 best Indicators used among traders.
- 1 - Moving Average (MA) ...
- 2 - Relative Strength Index (RSI) ...
- 3 - Moving Average Convergence Divergence (MACD) ...
- 4 - Bollinger Bands. ...
- 5 - Volume. ...
- 6 - Stochastic Oscillator. ...
- 7 - Fibonacci Retracement. ...
- 8 - Average True Range (ATR)
Tradingview Strategies
To create a strategy in TradingView, users must first choose a chart and apply any desired indicators or studies. They can then use PineScript to define the conditions under which they want to buy or sell, as well as set any other parameters such as stop-loss and take-profit levels.
What are the 3 basic of strategy? ›
- Corporate Strategy: Determines the overall scope and direction of the organization. - Business Strategy: Focuses on competing successfully in specific markets or industries. - Functional Strategy: Involves detailed, short-term operational plans for key functional areas.
The best indicators for intraday trading include Bollinger Bands, Relative Strength Index (RSI), Exponential Moving Average (EMA), Moving Average Convergence Divergence (MACD), and Volume. These indicators help traders identify trends, measure momentum, and gauge market volatility.
Which indicator says buy or sell? ›
The stochastic indicator establishes a range with values indexed between 0 and 100. A reading of 80+ points to a security being overbought, and is a sell signal. Readings 20 or lower are considered oversold and indicate a buy.
How do you use indicators in a chart? ›
Adding a technical indicator to a technical indicator
Add and configure the first indicator (e.g., Moving Average). The Moving Average indicator appears on the chart. This indicator will act as a function using the bar data in the chart as input.
How to make a TradingView indicator script? ›
- Start by bringing up the “Open” dropdown menu at the top right of the Editor and choose “New indicator”.
- Copy the example script above. ...
- Select all the code already in the editor and replace it with the example script.
- Click “Save” and choose a name for your script. ...
- Click “Add to Chart” in the Editor's menu bar.
Tradingview Strategies
To create a strategy in TradingView, users must first choose a chart and apply any desired indicators or studies. They can then use PineScript to define the conditions under which they want to buy or sell, as well as set any other parameters such as stop-loss and take-profit levels.
How to backtest indicators on TradingView? ›
Open a Chart: Visit TradingView and open the desired chart of the financial instrument you wish to backtest. Bar Replay Tool: On the top-right side of the chart, find the Bar Replay icon. Setting Start Point: Move the cursor to where you wish to start your backtest and click to set the starting point.
Is indicator based trading profitable? ›
Technical indicators have been found to generate profit in trading, according to several studies [1] [2] [3] [4]. These indicators, such as Bollinger bands, stochastic oscillator, RSI, and MACD, are used to analyze past and current financial market information and predict price trends [1] [2].
What is an indicator in strategic management? ›
Strategic performance indicators (SPIs) are measures that reflect how well an organization is executing its strategy and delivering value to its stakeholders. SPIs can be financial, such as revenue, profit, or return on investment, or non-financial, such as customer satisfaction, market share, or innovation.
![How do I apply an indicator or strategy to another indicator? (3)](https://i0.wp.com/www.tradingview.com/\"s3.amazonaws.com/cdn.freshdesk.com/data/helpdesk/attachments/production/43099702220/original/kiApRLqDRH4sjuom4k6zfgjuGzML3eL0bg.gif?1579100825\" "How do I apply an indicator or strategy to another indicator? (3)")
