5 Useful Trading Indicators Every Trader Should Have

Technical trading requires analyzing trends, price action, and other key data points with precision. Having the right data presented clearly is essential for making timely, informed decisions. That’s where trading indicators come in.

Tools like moving averages (MA), relative strength index (RSI), and volume-weighted average price (VWAP) are widely used, but relying on single indicators in isolation can be limiting.

Today’s best indicators combine multiple data points to provide more comprehensive insights. These tools help you stay competitive in fast-paced, data-heavy markets. Below are five high-quality trading indicators designed to support smarter decision-making.

Technical trading involves analyzing trends, price action, and many other data points in detail. Relevant data and easily digestible information are essential for making informed, time-sensitive decisions. That’s where trading indicators come in.

1. Price Action Confluence Indicator

Knowing where price action is most concentrated can reveal areas where markets are likely to react. A sharp move into one of these zones could trigger a reversal or continuation.

The Price Action Confluence Indicator combines several price-based reference points—such as highs, lows, body highs, and body lows—to identify zones of frequent activity. Each zone displays how many times it’s been hit and the most recent touch.

You can customize settings such as the number of bars, hit count, days to load, and time filters, so the indicator fits your strategy.

Who It’s For:
Traders who prioritize price action in their strategy will find this indicator highly useful. It’s a valuable tool for most technical traders, especially those who use price structure as a foundation for trade decisions.

2. Key Levels Confluence Indicator

The Key Levels Confluence Indicator offers a more rounded view by combining price action with several other commonly used reference levels.

It draws from previous opens, closes, highs, and lows, and also includes Fibonacci levels, round numbers, pivot points, and current-day levels. All of these can be toggled on or off to match your trading approach.

The data comes from daily charts, making it suitable for both intraday and short-term swing trading.

Who It’s For:
Active traders who rely on key levels will benefit from the depth this tool offers. It’s especially useful for those who want to combine multiple technical markers into one clean, integrated view.

3. First Touch Signals Indicator

The First Touch Signals Indicator focuses on moving averages. It alerts you when price touches a selected moving average for the first time after a trend has been established.

You can customize the moving average period, type, and the trend bar count used to validate the signal. Once configured, the indicator will send an alert when price first contacts the moving average, giving you a timely entry point or a heads-up to take action.

Who It’s For:
Ideal for traders who build strategies around moving averages. Whether you day trade or swing trade using MAs, or follow a weighted dollar cost averaging method, this tool offers reliable signals. It’s also valuable for long-term investors monitoring major averages like the 200 or 300 MA.

4. Best Stochastics Indicator

Stochastics are widely regarded as one of the more reliable momentum indicators, particularly for identifying overbought or oversold conditions based on closing price.

The Best Stochastics Indicator expands on the traditional model, offering enhanced details and customization. You’ll get access to multi-timeframe plots, configurable signal types, and alert options.

Like standard stochastic models, this indicator uses recent highs, lows, closes, and a 3-day simple moving average—but gives you greater flexibility in how that information is displayed and used.

Who It’s For:
Momentum traders who want more depth and control from their indicators. If you already use stochastics, this tool simplifies interpretation while giving you more actionable data.

5. Support and Resistance Suite

This all-in-one Support and Resistance Suite brings together several indicators into a single package:

• Price Action Confluence Indicator

• Key Levels Indicator

• First Touch Signals

• Ichimoku Cloud Signals (with 5 plots)

Together, these tools form a complete system for identifying areas where strong price reactions are likely. You can monitor multiple forms of support and resistance at once, with alerts that help you respond in real time.

Who It’s For:
Best suited for traders who want to incorporate multiple technical perspectives into one strategy. If you’re looking to streamline your decision-making while maintaining a wide scope of data, this suite is a powerful option.

Upgrade Your Trading Setup

Having the right tools can make a meaningful difference in how you analyze, plan, and execute trades. These indicators offer a variety of ways to improve insight and efficiency, no matter your trading style. Find the trading indicator that fits your approach best, and take the next step toward more informed, confident trading.