The 5 Best TradingView Indicators for Day Trading

The VWAP is an excellent TradingView indicator for day trading because it shows the price with the most trading volume. Common day trading VWAP strategies involve:

• Going long when the price breaks above the VWAP
• Shorting when the price breaks below the VWAP
• Going long when the price hits the lower VWAP
• Going short when the price hits upper VWAP

Full Indicator Review: Learn more about the VWAP on TradingView

The footprint charts on TradingVIew allow you to view the exact number of filled buy and sell orders for each candle. The left side of the candle shows the filled sell orders in red, while the right side displays the buy orders in green. 

The footprint chart requires you to have a premium TradingView subscription, but you can test it for free when you use my affiliate link to get a 30-day free trial.

Full Indicator Review: Learn more about the TradingView footprint charts

Time price opportunity charts, otherwise known as the market profile, are a combination of the TPO profile and the volume profile. The TPO profile shows how much time is spent at each price level with a TPO block, while the volume profile displays volume by price. 

TPO charts are good for day trading because it is commonly used on the 30-minute time frame, meaning each TPO block represents a 30-minute period. While not technically an indicator, time price opportunity charts give day traders an advanced insight into the market structure. You can use TPO charts to assess the market using the auction market theory to help determine entry and exit points for day trades. 

Full Indicator Review: Learn more about the TradingView TPO charts

The session volume profile on TradingView is great for day trading as it shows you the volume by price for each session. Long horizontal bars, or high-volume nodes (HVNs) show you which price the most volume has traded at. The price with the most volume traded is known as the volume point of control (VPOC), and is similar to the VWAP. 

HVNs can be used similar to the VWAP, and common volume profile day trading strategies include:

• Going long when the price breaks over the VPOC
• Going short when the price breaks below the VPOC

If you are using the TPO charts, a session volume profile will be displayed on the right side, so using both is unnecessary. 

Full Indicator Review: Learn more about the volume profile

The Ichimoku cloud is great for day trading when used on the 1- and 5-minute time frame. The best Ichimoku cloud trading strategy involves using TK-crossovers to determine entry and exit points. Here is how to determine long and short signals based on the Ichimoku cloud indicator:

• When the conversion line crosses above the baseline, this is a bullish TK-crossover and a buy signal.
• When the conversion line crosses below the baseline, this is a bearish TK-crossover and a short signal. 

All of the lines, including the cloud, also represent support and resistance levels. When the price is above a line, it will be support. When the price is below a line, it will act as a resistance level.