TradingView is the most popular charting platform for retail traders — and for good reason. The Pine Script language lets you build custom indicators that match your exact trading style.
In this post, I'll share five indicators I use every day, explain why they work, and show you how to get them set up on your charts.
1. VWAP Pullback Indicator
What it does: Identifies pullback entries in trending markets using the Volume-Weighted Average Price (VWAP) as a dynamic support/resistance level.
Why it works: VWAP is where institutions execute their orders. When price pulls back to VWAP in a trending market, it often finds support (in an uptrend) or resistance (in a downtrend). This creates high-probability entry points.
How to use it:
- In an uptrend: Buy when price touches VWAP and shows reversal candlestick pattern
- In a downtrend: Short when price touches VWAP from below and rejects
- Set stop loss below/above the VWAP touch candle
2. Opening Range Breakout (ORB)
What it does: Automatically draws the high and low of the first 5, 15, or 30 minutes of trading and signals breakouts.
Why it works: The opening range captures overnight sentiment and early order flow. A breakout above or below this range often signals the direction of the day's move.
How to use it:
- Wait for a candle to close outside the opening range
- Enter in the breakout direction
- Target 1:1 or 2:1 risk-reward ratio
3. ATR Trailing Stop
What it does: Creates a dynamic stop loss line that adjusts based on market volatility (Average True Range).
Why it works: Fixed stop losses get taken out by normal market noise. ATR trailing stops adjust to current volatility, giving your trades room to breathe while still protecting capital.
How to use it:
- Set ATR multiplier to 2-3x for swing trades, 1.5x for day trades
- Trail your stop as price moves in your favor
- Exit when price closes below/above the trailing stop line
4. Multi-Timeframe Trend Scanner
What it does: Scans multiple timeframes simultaneously and shows whether they're all aligned in the same direction.
Why it works: The highest-probability trades occur when multiple timeframes agree on trend direction. A daily uptrend + 1-hour uptrend + 15-minute pullback entry = high-probability long.
5. Volume Profile
What it does: Shows where the most volume was traded at each price level, revealing key support and resistance zones.
Why it works: Price levels with high volume represent areas where many traders have committed capital. These become natural support/resistance zones because traders defend their positions at these levels.
Key levels to watch:
- POC (Point of Control): The price level with the highest volume — strongest support/resistance
- Value Area High/Low: The range containing 70% of volume — acts as a magnet for price
Get All 5 Indicators Ready-Made
I've packaged all five of these indicators into a Pine Script Starter Kit — pre-built, tested, and ready to paste into TradingView. No coding experience needed.
Get the Pine Script Starter Kit here.
How to Add Custom Indicators to TradingView
- Open TradingView and go to Pine Editor (bottom panel)
- Click "New" to create a new script
- Paste the Pine Script code
- Click "Add to Chart"
- Save to your favorites for future use