
Getting consistent results from any indicator comes down to how you use it, not just which one you pick. These 14 tips cover trend alignment, market conditions, entry filters, and risk management. The inputs that separate profitable traders from those who get stopped out.
Make sure to check out the TradingView guides we have to learn about trading as well as how to use our indicators. Please make sure you watch our video tutorials as well.
If you are going to use our external indicator filtering features, here is an updated list of what indicators you can currently use for filtering and how to set that up.
Specific instructions about how each indicator works can be found by going to the dedicated page for each indicator and reading the instructions. You can also go into the settings panel for each indicator and hover your mouse over the ‘i’ icon next to each setting and a popup will appear with an explanation of what that setting does and how it affects the indicator.
LD By Lane Dotson · Last updated
6. Understand the difference between trend trading and reversal trading and price action trading. Trend trading means you are waiting for an established strong trend and then entering trades on pullbacks during that trend. Reversal trading means you are trying to catch reversals as they happen and preferably waiting for confirmation of reversal before entering the market in hopes of a reversal. Price action trading means entering the market based on how price is reacting according to other recent price action areas and then anticipating the next move. These are all very different trading styles and they should be traded in completely separate manners, with different indicators. Do not use trend indicators and then expect them to catch reversals. Do not use reversal indicators and expect them to point out trends. Do not use price action indicators and expect them to give amazing signals in every type of market. Choose what type of trading you are going to do and stick to that, do not mix and match and expect amazing results on every different type of trade. Be smart, be patient, be disciplined and stop trying to trade every move the market makes.
9. Trade tickers that have a lot of price action and show very reliable signals historically. For stocks some of the best signals I have seen are on AAPL, SPY, AMZN, QQQ, SQQQ, TQQQ, TSLA, NVDA and AMD. For crypto, some of the best performing tickers I have seen are ETH, BTC, LINK, MATIC, SOL, LTC and XRP. Any ticker with very little price action, lots of big wicks and gaps between candles won’t perform well with our indicators due to various reasons. The algos were built to perform well on the most popular tickers so try to use it on the tickers mentioned above the majority of the time.
Happy Trading 🙂
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