How can I find the most accurate volume indicator for trading cryptocurrencies on TradingView?

3 answers

• Dec 17, 2021 · 3 years ago
  One popular volume indicator that many traders use on TradingView is the Volume Profile. It provides a visual representation of the volume traded at each price level over a specified period of time. By analyzing the volume profile, you can identify areas of high and low liquidity, which can be useful for determining support and resistance levels. However, it's important to note that no volume indicator is 100% accurate, as market conditions can change rapidly.
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• Dec 17, 2021 · 3 years ago
  Finding the most accurate volume indicator for trading cryptocurrencies on TradingView can be a subjective matter. Different traders have different preferences and trading strategies. Some traders may prefer indicators like the Money Flow Index (MFI) or the On-Balance Volume (OBV) indicator. It's recommended to experiment with different volume indicators and see which one works best for your trading style.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a proprietary volume indicator called the BYD Volume Indicator. It is designed specifically for trading cryptocurrencies on TradingView and aims to provide accurate volume data for making informed trading decisions. Many traders have found it helpful in their trading strategies. However, it's important to do your own research and backtest any indicator before relying on it for trading decisions.
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