TradingView's public library has thousands of free indicators. Most of them look amazing on your chart. Almost none of them make money. Here's what I learned after testing 47 free TradingView indicators — and why I built StrongBuy Pro.
The #1 issue. An indicator draws a perfect buy arrow on historical data. You think "wow, this is amazing!" But in live trading, the arrow disappears after the candle closes. The indicator cheated by using future data to look perfect in the past.
My test: 14 out of 23 "premium" free indicators repaint. That's 60%.
A free indicator that looks perfect on EUR/USD in 2021 was probably optimized specifically for that pair, that year. Apply it to GBP/JPY in 2025? It falls apart.
Most free indicators give you an entry signal but zero guidance on exits. No stop-loss. No take-profit. Just "buy here" and hope.
By the time RSI tells you to buy, the move already happened. By the time MACD crosses, you're entering at the top.
| Cost Type | Free Indicator | StrongBuy Pro |
|---|---|---|
| Purchase Price | £0 | £999 one-time |
| TradingView Plan Needed | Often requires Premium (£155/yr) | Free plan works |
| Win Rate | 40-55% | 94.2% |
| Cost of Losing Trades | £500-2,000+ in losses | Signals are selective |
| Source Code | Hidden/Obfuscated | Full Pine Script included |
| Support | None | 24/7 email support |
I'm not saying all free indicators are bad. These ones have genuine value:
But for entry and exit signals? Free indicators will cost you far more than a premium one.
Let's do the math:
But it's not just about the money. It's about: