The world of technical analysis is full of powerful tools, but some clearly outperform others. TradingView indicators have revolutionized how traders look at price movements, making it easier than ever to spot opportunities. While the Relative Strength Index (RSI) has been popular for decades, many traders are finding better alternatives today. If you want to use TradingView indicators that truly sharpen your edge, it’s time to explore tools that deliver faster, smarter, and more reliable signals.
In this guide, we will discuss three TradingView indicators that are better than RSI. We will also show how these indicators act as the best momentum indicators on TradingView and offer real alternatives to RSI for trading. Along the way, you’ll see how these advanced trading indicators for traders can significantly improve trading accuracy with better indicators.
Let’s dive straight in.
Why Seek Better TradingView Indicators Than RSI?
RSI has its place, but relying solely on it often leads to missed opportunities and false signals. TradingView indicators provide a much larger toolkit. Traders now realize that price action has evolved, and static indicators like RSI cannot always keep up.
Several drawbacks of RSI have become clear:
- It often produces late signals.
- Markets can stay overbought or oversold for extended periods.
- It fails to account for broader market trends or cycles.
- It generates many false positives during sideways markets.
By switching to advanced trading indicators for traders, you can improve trading accuracy with better indicators and avoid common traps that RSI users often face.
Now, let’s look at the three best momentum indicators on TradingView that are vastly superior.
1. Relative Vigor Index (RVI)
The Relative Vigor Index, commonly referred to as RVI, is a powerful oscillator designed to measure the strength behind price moves. Among all TradingView indicators, RVI stands out because it focuses on the closing price relative to the range of the bar, not just the price move itself.
How RVI Works
- It measures the difference between closing and opening prices.
- It divides this value by the price range (high minus low).
- It then smooths the result with a simple moving average.
RVI is based on the idea that during an uptrend, prices tend to close near the high, while during a downtrend, they close near the low.
Why RVI Is Among the Best Momentum Indicators on TradingView
- It confirms trends much better than RSI.
- It produces fewer false signals during volatile or sideways markets.
- It highlights momentum shifts earlier, allowing traders to react quickly.
If you want alternatives to RSI for trading, RVI offers a much-needed edge by measuring conviction instead of just momentum.
How to Use RVI Effectively
- Enter long positions when RVI crosses above its signal line in an uptrend.
- Enter short positions when RVI crosses below its signal line in a downtrend.
- Confirm with higher timeframe trend analysis.
By focusing on momentum conviction, you improve trading accuracy with better indicators like RVI.
2. Stochastic RSI (StochRSI)
Stochastic RSI, or StochRSI, is another game-changer among TradingView indicators. It is essentially an indicator of an indicator, applying the stochastic formula to RSI readings rather than raw price.
How StochRSI Works
- It calculates RSI first.
- Then it measures where the RSI sits relative to its high-low range over a set period.
- It oscillates between 0 and 1 (or 0 to 100 when scaled).
This means it shows how “overbought” or “oversold” RSI itself is, creating faster and sharper signals.
Why StochRSI Beats RSI Hands Down
- It reacts much faster to market changes.
- It is highly sensitive, making it ideal for short-term and swing trading.
- It provides more accurate entry and exit points.
If you are searching for the best momentum indicators on TradingView, StochRSI should be at the top of your list. It offers one of the most reliable alternatives to RSI for trading volatile markets.
How to Use StochRSI in Trading
- Look for crosses above 20 for buy signals and below 80 for sell signals.
- Watch for bullish divergences when price makes lower lows but StochRSI makes higher lows.
- Use it on 5-minute, 15-minute, or hourly charts for quick scalps or short swings.
Traders who improve trading accuracy with better indicators often start with adding StochRSI to their setups.
Example: In high-volatility crypto markets like Ethereum or Bitcoin, StochRSI often predicts price reversals two to three candles earlier than traditional RSI.
3. WaveTrend Oscillator (WT)
The WaveTrend Oscillator, sometimes referred to as “WT,” is another heavyweight among TradingView indicators. Originally popularized in the crypto community, this indicator has proven its value across forex, stocks, and commodities.
WaveTrend Oscillator detects momentum shifts based on wave cycles, making it one of the most advanced trading indicators for traders today.
How WaveTrend Oscillator Works
- It calculates a moving average of price changes.
- It identifies momentum peaks and troughs.
- It plots green and red dots signaling potential tops and bottoms.
It goes beyond traditional oscillators by offering clear visual cues and combining trend and momentum analysis.
Why WaveTrend Is a Top Choice
- It captures market cycles better than most traditional indicators.
- It provides crystal-clear entry and exit points.
- It minimizes false signals by requiring confirmation between the oscillator and dots.
When it comes to TradingView indicators that boost performance, WaveTrend is hands-down one of the best alternatives to RSI for trading.
How to Trade with WaveTrend
- Buy when a green dot forms below -60.
- Sell when a red dot appears above +60.
- Confirm trades with price structure or volume spikes.
Many traders improve trading accuracy with better indicators like WaveTrend by combining them with moving averages or support/resistance zones.
Example: During trending phases in S&P 500 stocks, WaveTrend often nails short-term tops and bottoms better than both RSI and MACD.
Quick Summary: Why These Indicators Are Superior
| Feature | RVI | StochRSI | WaveTrend Oscillator |
|---|---|---|---|
| Focus | Trend conviction | Fast momentum changes | Cyclical momentum shifts |
| Best Use Case | Trend confirmation | Scalping, day trading | Swing trading, reversal spotting |
| Reaction Time | Moderate | Very fast | Moderate-fast |
| Risk of False Signals | Low | Medium | Very low when confirmed |
| Visual Clarity | Medium | High | Very High |
Choosing advanced trading indicators for traders like RVI, StochRSI, and WaveTrend will immediately improve trading accuracy with better indicators.
Final Thoughts
The era when traders relied solely on RSI is over. Today, TradingView indicators offer cutting-edge tools that adapt to the ever-changing market environment. If you are serious about improving your results, you need the best momentum indicators on TradingView that go beyond just telling you whether the market is overbought or oversold.
The Relative Vigor Index provides robust trend confirmation based on price conviction. Stochastic RSI offers lightning-fast signals ideal for short-term trading. The WaveTrend Oscillator brings clarity to market cycles, identifying trend reversals with precision.
These are not just alternatives to RSI for trading. They are clear upgrades.
Remember, though, no indicator is foolproof. Smart traders use these advanced trading indicators for traders in combination with price action, risk management, and solid trading plans. By doing so, they significantly improve trading accuracy with better indicators and stay ahead of the curve.
Start exploring these TradingView indicators today, and you will quickly see why they are the future of technical analysis!
Click here to read our latest article Silver’s Historical Performance: How Silver Could Perform in 2025
This post is originally published on EDGE-FOREX.
