Are there any specific volume indicators on TradingView that work well for analyzing Bitcoin trading volume?

1 answers

• Dec 16, 2021 · 3 years ago
  Yes, there are specific volume indicators on TradingView that work well for analyzing Bitcoin trading volume. One popular indicator is the Volume Weighted Moving Average (VWMA), which calculates the average price weighted by volume over a specified period of time. This indicator can help identify the average price at which Bitcoin has been traded and can be used to identify trends and potential reversals. Another useful indicator is the Ease of Movement (EOM), which measures the relationship between price change and volume. It can be used to identify periods of accumulation or distribution and can provide insights into future price movements. Additionally, the Money Flow Index (MFI) is a momentum indicator that uses both price and volume to measure the strength and direction of money flowing in and out of Bitcoin. It can be helpful for identifying overbought or oversold conditions. Overall, these indicators can provide valuable insights into Bitcoin trading volume and help inform trading decisions.
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