Best indicator on TradingView with best trading strategy and system

TradingView offers a wide range of indicators, and the "best" one depends on your trading style and goals. Here are some of the most popular and effective indicators based on different types of traders:

1. *Relative Strength Index (RSI)*
**Purpose**: Measures the speed and change of price movements.
**Why it's good**: It helps identify overbought or oversold conditions. An RSI value above 70 is typically considered overbought, while below 30 is considered oversold.

2. *Moving Averages (MA & EMA)*
**Simple Moving Average (SMA)**: Calculates the average of a security's price over a specific number of periods.
**Exponential Moving Average (EMA)**: Puts more weight on recent prices, which makes it more responsive to recent price movements.
**Why it's good**: Moving averages help identify trends and potential reversal points.

3. *MACD (Moving Average Convergence Divergence)*
**Purpose**: Indicates changes in the strength, direction, momentum, and duration of a trend.
**Why it's good**: It's versatile for spotting trend direction and momentum changes, making it useful for both short- and long-term traders.

4. *Bollinger Bands*
**Purpose**: Measures volatility and relative price levels over time.
**Why it's good**: Helps to identify potential breakouts, overbought or oversold market conditions, and market volatility.

5. *Volume Profile*
**Purpose**: Analyzes the distribution of volume at different price levels over a particular time frame.
**Why it's good**: It gives insight into price levels where most trading has occurred, helping traders identify areas of support and resistance.

6. *Fibonacci Retracement*
**Purpose**: Identifies potential reversal levels based on key Fibonacci ratios.
**Why it's good**: Frequently used in conjunction with other indicators to predict market retracement or continuation levels.

7. *Stochastic Oscillator*
**Purpose**: Compares a particular closing price to a range of its prices over a certain period.
**Why it's good**: Useful for spotting momentum changes and overbought or oversold conditions, similar to RSI but with different calculations.

8. *Ichimoku Cloud*
**Purpose**: Offers insights into support and resistance, trend direction, momentum, and potential trade signals all in one.
**Why it's good**: It provides a holistic view of the market and helps to forecast future price movements.

9. *Pivot Points*
**Purpose**: Helps identify potential support and resistance levels.
**Why it's good**: Widely used by day traders to gauge potential turning points in the market.

10. *VWAP (Volume Weighted Average Price)*
**Purpose**: Measures the average price a security has traded at throughout the day, based on both volume and price.
**Why it's good**: Particularly useful for intraday trading to identify the average price of an asset based on volume.

If you’re looking for a combination, many traders use *RSI* with *Moving Averages* or *Bollinger Bands* with *MACD* to strengthen their trading decisions. The key is to test these indicators and adapt them to your strategy.