Can you suggest a high-quality divergence indicator on TradingView that is suitable for trading digital assets?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! One highly recommended divergence indicator on TradingView for trading digital assets is the MACD (Moving Average Convergence Divergence) indicator. It is a popular and widely used indicator that can help identify potential trend reversals and divergences between the price and the indicator. The MACD indicator consists of two lines, the MACD line and the signal line, as well as a histogram. When the MACD line crosses above the signal line, it indicates a bullish signal, while a cross below the signal line indicates a bearish signal. Divergences between the price and the MACD indicator can also provide valuable insights into potential trend reversals. Give it a try and see if it fits your trading strategy!
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• Dec 17, 2021 · 3 years ago
  Absolutely! Another great divergence indicator on TradingView for trading digital assets is the RSI (Relative Strength Index) indicator. The RSI is a momentum oscillator that measures the speed and change of price movements. It can help identify overbought and oversold conditions in the market, as well as potential divergences between the price and the indicator. When the RSI is above 70, it indicates an overbought condition and a potential reversal may occur. Conversely, when the RSI is below 30, it indicates an oversold condition and a potential reversal may occur. Divergences between the price and the RSI can provide valuable signals for trend reversals. Give it a try and see if it enhances your trading strategy!
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• Dec 17, 2021 · 3 years ago
  Certainly! BYDFi, a popular digital asset trading platform, offers a high-quality divergence indicator on TradingView called the Stochastic Oscillator. The Stochastic Oscillator is a momentum indicator that compares a security's closing price to its price range over a specific period of time. It can help identify overbought and oversold conditions in the market, as well as potential divergences between the price and the indicator. When the Stochastic Oscillator is above 80, it indicates an overbought condition and a potential reversal may occur. Conversely, when the Stochastic Oscillator is below 20, it indicates an oversold condition and a potential reversal may occur. Divergences between the price and the Stochastic Oscillator can provide valuable insights into potential trend reversals. Give it a try and see if it suits your trading style!
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