Ease of Use
TradingCanyon is a trading software that was established as a result of a sincere interest in trading and the creation of algorithmic scripts that accurately forecast market price changes. TradingCanyon features a variety of technical indicators designed to offer straightforward buy and sell signals that work with all chart timeframes. Learn everything you need to know before you dive in by reading our complete TradingCanyon review.
- 10 momentum indicators with buy and sell signals
- Indicators are integrated into TradingView
- Signals are fairly accurate at predicting price trends
- Indicators work across any timeframe or asset
- 7-day free trial
- No information about how the indicators differ
- Doesn’t offer backtesting data to assess signals’ accuracy
TradingCanyon develops proprietary technical indicators that you can use on TradingView charts. The indicators offer easy-to-use buy and sell signals and are designed to work across all chart timeframes. All of TradingCanyon’s indicators are intended for momentum trading and there isn’t a lot of difference between them.
Can TradingCanyon help you trade more profitably? Our TradingCanyon review will help you decide.
TradingCanyon Pricing Options
TradingCanyon costs $59 per month, $149 per quarter, or $469 per year. You can try out the software free for 7 days.
You must have a TradingView account in order to use TradingCanyon indicators. TradingView offers a free plan with limited charting capabilities. Paid plans start at $12.95 per month and you can try out any paid plan with a 30-day trial.
Note that it can take up to 24 hours for TradingCanyon indicators to become available in your TradingView account after you sign up.
TradingCanyon offers 10 custom momentum indicators for TradingView charts:
- Super Alpha
- Adaptive Delta
- Core Dimension
- Sigma Control
- Trading Edge
- Market Radar
- Trading Zone
- Ultra Trend
- Dynamic Force
- Scalp Trader Pro
All of the indicators display buy and sell signals on your charts by default. TradingCanyon doesn’t offer much explanation about how these indicators differ or when to use each one. Notably, the indicators can be used on any TradingView charts, including stock, forex, and crypto charts.
Each of TradingCanyon’s indicators appears to do a pretty good job of identifying trends. We found some instances where the signals exit too early and leave money on the table, but very few cases where the signals would have led to significant losses. The signals loosely align with MACD crossovers, but they are generally more accurate than using MACD on its own.
It’s unlikely that you’ll need all 10 indicators. They do issue slightly distinct trading signals, but there’s a lot of overlap between them. However, there can be some advantage to using two or three indicators at the same time, since you’ll get more signals and the indicators can confirm each other.
One nice feature is that you can modify the shapes and colors for each indicator’s signals. This makes it easier to distinguish signals if you use multiple TradingCanyon indicators on a single chart.
You can also build alerts around TradingCanyon’s buy and sell signals. You can receive alerts as a notification within TradingView, an email, or a text message.
TradingCanyon Platform Differentiators
TradingCanyon’s indicators offer reliable buy and sell signals for momentum trading. While the indicators are not especially customizable, you can combine multiple indicators on a single chart or combine them with any other TradingView indicators.
While TradingCanyon’s indicators appear to work reliably, they’re not groundbreaking. SimpleAlgo and LuxAlgo offer similar indicators and trading signals for TradingView charts. You can also explore TradingView’s built-in library of community-contributed indicators or create your own indicators using TradingView’s script editor.
What Type of Trader is TradingCanyon Best For?
TradingCanyon’s indicators can work well for momentum traders across a variety of timeframes. They make it easy to identify the start and end of a trend, often before it’s completely apparent using common indicators like MACD. TradingCanyon’s indicators aren’t perfect, but in our experience, they tend to be overly conservative rather than overly aggressive. That means you may be more likely to leave profits on the table than take a big loss using these signals.
Notably, TradingCanyon signals can be used for any asset type that TradingView supports. This means that they can be useful not only for stock traders, but also for forex and crypto traders.
To get the most out of TradingCanyon, you’ll likely need a premium TradingView subscription. This allows you to combine TradingCanyon signals with other indicators and set up more alerts. The combined price of TradingCanyon and TradingView together can be moderately expensive, so we’d recommend that traders have at least $5,000 in their trading account to make these tools worthwhile.