Are there any recommended indicators to use on TradingView for trading cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! One popular indicator that many traders use on TradingView is the Moving Average Convergence Divergence (MACD). It helps to identify potential trend reversals and provides signals for buying or selling cryptocurrencies. Another commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements to determine if a cryptocurrency is overbought or oversold. These are just a couple of examples, but there are many more indicators available on TradingView that you can explore and use based on your trading strategy and preferences.
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• Dec 17, 2021 · 3 years ago
  Definitely! When it comes to trading cryptocurrencies on TradingView, there are several indicators that you can consider using. Some popular ones include the Bollinger Bands, which help to identify volatility and potential price breakouts, and the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels. Additionally, the Volume Indicator can be useful for analyzing the trading volume of cryptocurrencies, as it often indicates the strength of a price movement. Remember, it's important to combine multiple indicators and use them in conjunction with other analysis techniques to make informed trading decisions.
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• Dec 17, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that there are indeed recommended indicators to use on TradingView for trading cryptocurrencies. One of the most widely used indicators is the Moving Average, which helps to smooth out price data and identify trends. Another popular indicator is the Stochastic Oscillator, which measures the momentum of price movements and can indicate overbought or oversold conditions. Additionally, the Fibonacci Retracement tool can be helpful for identifying potential support and resistance levels. Keep in mind that these indicators should be used as part of a comprehensive trading strategy and not relied upon solely for making trading decisions.
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