Best TradingView Indicators for Day Trading Forex
<p>One of the best things about TradingView is that you get access to a ton of free indicators created by TradingView and its members.</p>
<p>But that's also one of the biggest challenges with using <a href="https://www.tradingheroes.com/resources/best-forex-trading-software/">TradingView</a>. You can spend a lot of time searching through all of the indicators, only to not find what you're looking for.</p>
<p><em>It can be frustrating. </em></p>
<p>To make things more challenging, some indicator creators publish fantastic indicators, but give their indicators weird names, so they are hard to find.</p>
<p>So to save you some time, I'll give you the must-have TradingView indicators for <strong>Forex day traders</strong>.</p>
<h2>Previous Day High Low Indicator</h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-1022501" src="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_00-33-58.png" alt="Daily high/low " width="1279" height="606" srcset="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_00-33-58.png 1279w, https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_00-33-58-768×364.png 768w" sizes="(max-width: 1279px) 100vw, 1279px" /></p>
<p>There are quite a few previous day high/low indicators, but most of them are distracting.</p>
<p>I want the minimum amount of information on my chart and this indicator fits the description.</p>
<p>The best part is that you can also mark weekly, monthly highs and lows on one chart.</p>
<p>In the example above, I've marked the daily high/low of the past 2 days. That's the most useful information to me for day trading.</p>
<p>Notice how price respects those levels.</p>
<p>To find this indicator, search for: <strong>DWM HL </strong>in <a href="https://www.tradingheroes.com/resources/best-forex-trading-software/">TradingView</a>.</p>
<p>It's one of those cases where the creator gave it a weird name, so it's hard to find.</p>
<p>But now that you know how to find it, you can start using this handy indicator.</p>
<p>Here's a look at the settings for the indicator.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022504 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-1.52.01-AM.png" alt="Daily high/low indicator settings" width="377" height="547" /></p>
<p> </p>
<h2>Forex Market Session Boxes</h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-1022507" src="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-01-23.png" alt="FX market sessions" width="1057" height="606" srcset="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-01-23.png 1057w, https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-01-23-768×440.png 768w" sizes="(max-width: 1057px) 100vw, 1057px" /></p>
<p>If you prefer to see the market highs/lows and open/closes in a box, then this indicator is for you.</p>
<p>It's called the <strong>FX Market Sessions</strong> indicator.</p>
<p>It marks the start/end of each session and makes it easy to see the high/low of each session.</p>
<p>The default design isn't the greatest, in my opinion. But if you change the dashed lines, remove the colors and hide the session names, this indicator works great.</p>
<p>You can show or hide each of the 3 major sessions, depending on the session(s) that you like to trade.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022508 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-2.04.00-AM.png" alt="FX Market Sessions" width="486" height="624" /></p>
<p><strong>A nice touch that's been added to this indicator is the ability to send you alerts. </strong></p>
<p>Never forget to get to your computer in time for your favorite session to start.</p>
<p>These notifications will also alert you to price breakouts.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022509 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-2.07.53-AM.png" alt="indicator alerts" width="472" height="161" /></p>
<p> </p>
<h2>Market Session Times</h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-1022502" src="https://www.tradingheroes.com/wp-content/uploads/AUDUSD_2022-12-16_00-48-19.png" alt="Market sessions indicator" width="1057" height="606" srcset="https://www.tradingheroes.com/wp-content/uploads/AUDUSD_2022-12-16_00-48-19.png 1057w, https://www.tradingheroes.com/wp-content/uploads/AUDUSD_2022-12-16_00-48-19-768×440.png 768w" sizes="(max-width: 1057px) 100vw, 1057px" /></p>
<p>This is the only indicator that I could find that accurately shows the overlap of the London and New York sessions behind the chart.</p>
<p>There were a couple of similar indicators, but they were either annoying to look at, or not accurate.</p>
<p>Seeing the sessions on your chart will remind you when volume could increase or decrease.</p>
<p>To find this indicator, search for: <strong>Forex Session Overlap</strong>.</p>
<p>I use the indicator to mark the London and New York sessions, but you can also mark the Tokyo and Australian sessions.</p>
<p>There are also options to mark market sessions during the summer time change.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022503 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-1.50.07-AM.png" alt="Settings for indicator" width="376" height="524" /></p>
<h2>Visual Range Volume Profile</h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-1022511" src="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-40-16.png" alt="volume profile indicator" width="1057" height="606" srcset="https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-40-16.png 1057w, https://www.tradingheroes.com/wp-content/uploads/AUDNZD_2022-12-16_02-40-16-768×440.png 768w" sizes="(max-width: 1057px) 100vw, 1057px" /></p>
<p><strong>Volume profile</strong> can be a great way to predict potential support and resistance points on a chart.</p>
<p>It shows you the price levels that had the most volume, which is very helpful in understanding key prices on a chart.</p>
<p>There are several similar indicators out there, but I like this one best.</p>
<p>This indicator is slightly easier to use because it will show you the volume profile of all of the candles in the current view.</p>
<p>So to see the volume profile of a particular move, simply scroll and zoom your chart.</p>
<p>To find this indicator, search for: <strong>VRVP</strong>.</p>
<p>The settings are also very simple and there are only a few settings.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022513 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-2.45.57-AM.png" alt="vwap settings" width="374" height="397" /></p>
<h2>Session Separators</h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-1022497" src="https://www.tradingheroes.com/wp-content/uploads/period-separators.jpg" alt="Period separators for Forex traders " width="1279" height="578" srcset="https://www.tradingheroes.com/wp-content/uploads/period-separators.jpg 1279w, https://www.tradingheroes.com/wp-content/uploads/period-separators-768×347.jpg 768w" sizes="(max-width: 1279px) 100vw, 1279px" /></p>
<p><strong>It's important to know exactly when the Forex trading day ends.</strong></p>
<p>Sometimes, in the heat of managing multiple positions, you can forget that you're heading into the interbank period.</p>
<p>The final indicator that Forex day traders should use is the built-in period separator in TradingView.</p>
<p>It's not in the indicators list, but you can find it in the settings.</p>
<p>Right-click on your chart and select <em>Settings</em> at the bottom of the menu.</p>
<p>Then go to: <em>Appearance</em> > <em>Session breaks</em></p>
<p>Check the box and change the color, line thickness and line type to something that works for you.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-1022499 aligncenter" src="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-12.11.29-AM.png" alt="period separators in settings" width="607" height="596" srcset="https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-12.11.29-AM.png 607w, https://www.tradingheroes.com/wp-content/uploads/Screen-Shot-2022-12-16-at-12.11.29-AM-50×50.png 50w" sizes="(max-width: 607px) 100vw, 607px" /></p>
<p>Click the <em>OK</em> button at the bottom and you're good to go.</p>
<p>Now you can easily see when the trading day ends and you can avoid wide spreads and illiquid markets.</p>
<h2>Final Thoughts</h2>
<p>Those are the best <a href="https://www.tradingheroes.com/tag/tradingview-tutorials/" target="_blank" rel="noopener">TradingView</a> indicators that I've found for <strong>day trading Forex</strong>.</p>
<p>I hope that saves you a ton of time and frustration.</p>
<p>TradingView is my favorite charting and trading platform. You can find out why I switched to TradingView <a href="https://www.tradingheroes.com/tradingview-review/">here</a>.</p>
<p>If you liked this post, share it with someone you think would find it useful.</p>
<p>Are there are any other Forex day trading indicators that you think should be on this list?</p>
<p>Feel free to <a href="https://www.tradingheroes.com/contact/">contact us</a> and let us know.</p>
<p>Happy trading!</p>
<p>The post <a rel="nofollow" href="https://www.tradingheroes.com/best-tradingview-indicators-fx-day/">Best TradingView Indicators for Day Trading Forex</a> appeared first on <a rel="nofollow" href="https://www.tradingheroes.com">Trading Heroes</a>.</p>
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