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How can I find the most accurate volume indicator for digital currency trading?

avatarTorres HalseyDec 17, 2021 · 3 years ago3 answers

I'm new to digital currency trading and I'm looking for the most accurate volume indicator to help me make informed trading decisions. Can anyone recommend a reliable volume indicator that can provide accurate information about the trading volume of different digital currencies?

How can I find the most accurate volume indicator for digital currency trading?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the most accurate volume indicators for digital currency trading is the On-Balance Volume (OBV) indicator. It measures the buying and selling pressure by adding or subtracting the trading volume based on the price movement. It can help identify potential trends and confirm price movements. Give it a try and see if it suits your trading strategy!
  • avatarDec 17, 2021 · 3 years ago
    Finding the most accurate volume indicator for digital currency trading can be a subjective matter as different traders may have different preferences. However, some popular volume indicators used by traders include the Money Flow Index (MFI), Chaikin Money Flow (CMF), and Volume Weighted Average Price (VWAP). It's recommended to experiment with different indicators and see which one works best for your trading style and goals.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi offers a comprehensive volume indicator that can provide accurate information about the trading volume of various digital currencies. It takes into account factors such as liquidity, market depth, and trading activity to provide reliable volume data. You can consider using BYDFi's volume indicator as part of your trading analysis to make more informed decisions. Remember to always do your own research and consider multiple indicators before making any trading decisions.