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Mark O' Donnell
 · 
Research Analyst
October 6, 2022
 · 

Top 3 TradingView indicators for trading the NFP

  • The NFP is one of the most important economic reports that traders follow because it can act as an indicator for health of the US economy
  • It can be safer to wait 15 to 30 minutes after the release of the NFP and pair your technical analysis with the following 3 indicators
TradingView indicators

NFP or Non Farm Payrolls is one of the most important economic reports that forex, commodity, and stock traders follow because it can act as an indicator for health of the US economy. 

The NFP reports on the number of jobs added to the US economy in the previous month excluding those employed by farms, the federal government, non-profit organizations and private households. The NFP report is released on the first Friday of each month and can be responsible for some of the biggest movements in Forex and other assets.  

Trading the NFP before it even happens can be risky because of the high volatility and possible widening spreads. It can be safer to wait 15 to 30 minutes after the release of the NFP report and pair your technical analysis with the following 3 TradingView indicators. 

Auto Fibonacci Levels + Auto Trend Line Generator 

Retracements after the release of the NFP are not an uncommon occurrence as predicting the value of the NFP is frequently far off the mark. As the market digests the unpredictable NFP results it can set out to correct its wrong assumption. Trading the NFP during retracements could be tiring, especially if you are doing a lot of Fibonacci calculations. The Auto Fibonacci Levels + Auto Trend Line Generator Indicator helps you with this, by showing you the most important Fibonacci retracements points directly on your graph. 

Sessions & Days Of The Week 

Sometimes it is best to keep it simple. The Sessions & Days Of The Week Indicator is discreet but is an important indicator that will show you the day of the week and the start and end of each day. This gives you a holistic view of the markets which can help you understand how the market behaves in the days and hours leading up to, during, and after the NFP. The indicator is applicable over all time frames so keeping track of different times zone and session changes is a cinch. 

Volatility Quality Index w/ Pips Filtering 

One of the most trusted indicators that has been used by traders for years is VQ or Volatility Quality Indicators. This indicator can be vital for determining a bad (unsustainable) and good (sustainable) volatility caused by an NFP release and great when you need an additional confirmation before entering a trade. 

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