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Author Topic: Any indicator thatnworks like 3/2 in 1?  (Read 1117 times)

Offline target

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Any indicator thatnworks like 3/2 in 1?
« on: April 24, 2024, 06:37:05 PM »

What I am looking for is the indicator that are combined together that tradingview will only count as 1.

Just trying to circumvent the subscription, too high for me. we are limited to 3 but if there is a combined RSI and stocastic and fibo counted as one then we can add two more.

I use to see one with lazybear but I couldn't see them anymore. Any suggestions.

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Any indicator thatnworks like 3/2 in 1?
« on: April 24, 2024, 06:37:05 PM »

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Offline Charles-Tim

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #1 on: April 24, 2024, 07:06:59 PM »
On exchanges, you can use as many as possible indicators at ones on your chart, but the problem is that as they are getting more on your chart, you will later not understand the chart anymore. That is why it is good to use one indicator with another one like RSI or any other oscillatory indicator. You can combine indicators on exchanges.

Or can you explain what you mean if I do not understand you correctly.

Offline MrSpasybo

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #2 on: April 25, 2024, 03:13:43 PM »
What I am looking for is the indicator that are combined together that tradingview will only count as 1.

Just trying to circumvent the subscription, too high for me. we are limited to 3 but if there is a combined RSI and stocastic and fibo counted as one then we can add two more.

I use to see one with lazybear but I couldn't see them anymore. Any suggestions.
Currently, TradingView only allows users to use a maximum of 2 indicators at the same time instead of 3 as before, and this causes some difficulties for users. TradingView wants users to pay to unlock more features, but I think ordinary traders don't need to use too many indicators. They should focus on 1-2 indicators to use all of their strength.

Some solutions you can try:

1. Find combo-indicators created by Tradingview users with the keyword "many indicators". They have combined multiple indicators into a single indicator and you can use it easily.

2. You can create a similar combo-indicator yourself according to your needs using PineScript on TradingView. This is also not too complicated, sometimes you can use ChatGPT to create a combo-indicator in minutes.
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Offline jeraldskie11

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #3 on: April 25, 2024, 04:21:54 PM »
On exchanges, you can use as many as possible indicators at ones on your chart, but the problem is that as they are getting more on your chart, you will later not understand the chart anymore. That is why it is good to use one indicator with another one like RSI or any other oscillatory indicator. You can combine indicators on exchanges.

Or can you explain what you mean if I do not understand you correctly.
There are combined indicators in Tradingview such as ema20/50/100/200 by drsweets and you can also just the numbers. I know there are more combined indicators that can be found in Trading, you can just search the two indicators but doesn't mean it really helpful for your analysis. Just like RSI and MACD, I don't see any effectiveness using these two indicator at a time because you can use by looking for divergences, it can just add confusion. I think it's best to combined RSI and Volume.


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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #5 on: May 31, 2024, 04:28:16 AM »
What do you mean by nothing? Are you saying RSI and MACD are not available for you, or that you can't combine them? Have you checked out this thread btw[1]? Some users give suggestions of moving to other platforms or merging some indicators assuming you know what you're looking for. If you really want to stay on TV then you can try to look at PineScript and manually code your own indicators, CMIIW.

[1] https://www.reddit.com/r/TradingView/comments/16xudwp/indicators_dropped_from_3_to_2_for_free_plan/

Offline MrSpasybo

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #6 on: May 31, 2024, 04:36:06 PM »
RSI and MACD combination will be good for identifying con/divergence. Nothing in tradingview though.

It used to be 3 but now just 2 limited indicators.
First of all, I am also quite annoyed that TradingView no longer allows users to use 3 indicators at the same time as before. We have to get used to the new rule, 2 indicators at the same time, or have to pay money for TradingView ^^

Combining RSI with MACD is almost impossible. RSI has a value from 0 to 100, it has no unit. MACD is not limited, can be negative and positive to hundreds of thousands, the unit is fiat. The difference in value range and units does not allow traders to combine them with each other.

The only option is to put them into a indicator but only 1 of them will be used at a time. This is also ridiculous, and TradingView still allows you to open both RSI and MACD at the same time, so use this way.
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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #6 on: May 31, 2024, 04:36:06 PM »


Offline jeraldskie11

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #7 on: May 31, 2024, 06:09:21 PM »
RSI and MACD combination will be good for identifying con/divergence. Nothing in tradingview though.

It used to be 3 but now just 2 limited indicators.
I think you may use one of them to identify divergences and another indicator to indicate trends, such as EMAs. Divergences can occur even using volume indicators, so it's okay to use of them. If you still do not like the recommendation, you can simply remove and re-add the indicators to utilize them all. If you are really profitable, it is better for you to purchase premium account since it significantly improves the efficiency of your trades.

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #8 on: June 02, 2024, 01:28:23 AM »
I think you may use one of them to identify divergences and another indicator to indicate trends, such as EMAs. Divergences can occur even using volume indicators, so it's okay to use of them. If you still do not like the recommendation, you can simply remove and re-add the indicators to utilize them all. If you are really profitable, it is better for you to purchase premium account since it significantly improves the efficiency of your trades.
We are looking for ways to use as many indicators as possible without having to use a paid TradingView account. For example, for Essential with 5 indicators at the same time, we need to pay $155.4 per year. I would really like to use $155.4 to buy a potential token such as DOT or NEAR and wait for this investment to x10 and become $1,554 in Q1 2025 ^^

The reason why RSI and MACD cannot be combined has been explained above. In addition, with the current limitations of TradingView, users can still easily open both of these indicators at the same time to assess the market. Regarding technical analysis methods or commonly used indicators, we need a separate topic to discuss.
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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #9 on: June 04, 2024, 11:34:59 PM »
Just trying to circumvent the subscription, too high for me. we are limited to 3 but if there is a combined RSI and stocastic and fibo counted as one then we can add two more.
There are many people who use TradingView and do not use any of the indicators simply because they can get too confusing, especially when you are using too many indicators.

A simple understanding of how the market works can eliminate the need for you to depend on many indicators. I used to pay attention to indicators like RSI, names of candlesticks, and all that, but since I was introduced to accumulation, manipulation, and distribution/expansion, and things like areas of inefficiency, discount zones, and premium zones, my results have improved better than before when I focused on indicators.

Indicators can be useful, but they are not always needed, especially too many indicators.
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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #10 on: June 05, 2024, 12:58:53 AM »
There are many people who use TradingView and do not use any of the indicators simply because they can get too confusing, especially when you are using too many indicators.

A simple understanding of how the market works can eliminate the need for you to depend on many indicators. I used to pay attention to indicators like RSI, names of candlesticks, and all that, but since I was introduced to accumulation, manipulation, and distribution/expansion, and things like areas of inefficiency, discount zones, and premium zones, my results have improved better than before when I focused on indicators.

Indicators can be useful, but they are not always needed, especially too many indicators.
Each trader uses a technical analysis method: some use EMA, some use Ichimoku, some use RSI, and some just use the raw price chart. I think that each indicator only shows us one aspect of the market, as long as traders really understand the indicators and use them correctly, in combination with effective capital management, they can all make a profit. Conversely, inexperienced traders often use indicators arbitrarily and make ill-informed decisions.

I like to create my own indicators on TradingView, and I would be happier if TradingView allowed me to use multiple indicators at the same time, for example 10 or 20 indicators at the same time. If this happened, I might not need to constantly open and close multiple indicators to get a multi-faceted view of the market state ^^
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Offline Captain Corporate

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #11 on: June 05, 2024, 02:12:36 AM »
I do agree that BB, EMA and RSI seems like the way to go, you can pick two of them that compliments each other. However, that's not the point, if you really want to just be a great trader, like that is what you desire, that is what you want to do in order to make money, then you could of premium, and many other places that offer a ton as long as you pay. I think trying to find a free way to do this, like limit your chances, for something that you hope to make money, means that you are on the wrong path, and you will likely lose your money. I would say that the best way to go would be just long term investment until you have the funds to find an alternate to this that would allow you more than two indicators.

Offline Rruchi man

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #12 on: June 05, 2024, 08:55:41 PM »
I like to create my own indicators on TradingView, and I would be happier if TradingView allowed me to use multiple indicators at the same time, for example 10 or 20 indicators at the same time. If this happened, I might not need to constantly open and close multiple indicators to get a multi-faceted view of the market state ^^
You want them for free? because you can use many indicators on TradingView when you pay.

 If you really want to use as many indicators as possible and other features, consider supporting the developers of the app.
The developers of TradingView even did well to allow us some indicators for free; if they were cold-hearted, they would have made sure everything aside from staring at the chart was not free.
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Offline joniboini

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Re: Any indicator thatnworks like 3/2 in 1?
« Reply #13 on: June 08, 2024, 03:55:39 AM »
I think trying to find a free way to do this, like limit your chances, for something that you hope to make money, means that you are on the wrong path, and you will likely lose your money.
I read on social media that the TradingView paid plan is just a bit too expensive for most traders. Hence why they look for alternatives as I mentioned above. I can't speak for OP or anyone else who doesn't want to buy a paid plan for trading indicators, but I can see how $10/month or more is a bit too much if they don't make money from trading regularly. Inflation hits really hard, even Spotify also increased its price recently afaik. It can also be because the higher-ups want more profit tho.

 

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