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How can I use heat maps on TradingView to analyze the performance of different cryptocurrencies?

avatarTerkelsen KelleherNov 24, 2021 · 3 years ago1 answers

I want to analyze the performance of different cryptocurrencies using heat maps on TradingView. Can you provide a step-by-step guide on how to do it? What are the key indicators I should look for in the heat maps? How can I interpret the data shown on the heat maps? Are there any specific settings or filters I should apply to get more accurate results?

How can I use heat maps on TradingView to analyze the performance of different cryptocurrencies?
Cryptocurrencies
Heat Maps
TradingView

1 answers

  • avatarNov 24, 2021 · 3 years ago
    When it comes to analyzing the performance of different cryptocurrencies, heat maps on TradingView can be a powerful tool. Here's how you can use them: 1. Open TradingView and select the cryptocurrency you want to analyze. 2. Navigate to the 'Charts' tab and click on the 'Heat Map' option. 3. The heat map will display the performance of various cryptocurrencies using different colors. Bright colors indicate strong performance, while dull colors indicate weaker performance. Pay attention to key indicators like price change, volume, and market capitalization. You can interpret the data by comparing the performance of different cryptocurrencies and identifying trends or patterns. Don't forget to apply filters and adjust the settings to customize your analysis. Happy trading!

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