Are there any specific volume indicators on TradingView that are particularly useful for identifying trends in the cryptocurrency market?
Duc NguyenDec 17, 2021 · 3 years ago1 answers
Can you recommend any specific volume indicators on TradingView that are especially helpful for identifying trends in the cryptocurrency market? I'm looking for indicators that can provide insights into the volume of trading activity and help me determine the strength of a trend.
1 answers
- Dec 17, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, offers a variety of volume indicators on its trading platform. Some of the specific volume indicators available on BYDFi include the Money Flow Index (MFI), Chaikin Money Flow (CMF), and Accumulation/Distribution (A/D) line. These indicators can provide insights into the buying and selling pressure in the market and help identify trends. However, it's important to note that no single indicator can guarantee accurate predictions, and it's always recommended to use multiple indicators and conduct thorough analysis before making trading decisions.
Related Tags
Hot Questions
- 81
How can I protect my digital assets from hackers?
- 73
Are there any special tax rules for crypto investors?
- 71
How can I buy Bitcoin with a credit card?
- 68
What are the best digital currencies to invest in right now?
- 61
What are the best practices for reporting cryptocurrency on my taxes?
- 57
How does cryptocurrency affect my tax return?
- 25
What are the advantages of using cryptocurrency for online transactions?
- 24
What are the tax implications of using cryptocurrency?