Why most indicators fail day traders (and what actually works)
Most TradingView indicators are built by developers, not traders. They look clean in hindsight but fall apart in real-time because they're optimized for screenshots, not execution.
Here's what I've learned building indicators for intraday trading:
The 3 things that actually matter:
1. Signal timing > signal frequency. An indicator that fires 50 times a day is useless. You need 3-5 high-conviction setups per session with clear entry/exit levels. Everything else is noise.
2. Context awareness. A buy signal at a key support level on increasing volume is a completely different trade than the same signal in the middle of a range. Your indicator needs to know the difference.
3. Multi-timeframe confirmation. The best intraday entries happen when the 1-min, 5-min, and 15-min charts all agree. One timeframe is a coin flip. Three timeframes is an edge.
Most traders don't need more indicators — they need fewer indicators that actually respect market structure.
That's what I built ChartVault to do.
