How can I use the relative rotation graph to analyze cryptocurrencies on thinkorswim?
Stephanie LynchDec 17, 2021 · 3 years ago1 answers
I'm interested in using the relative rotation graph on thinkorswim to analyze cryptocurrencies. Can you provide a step-by-step guide on how to use this feature and interpret the results? I want to understand how to identify the best-performing cryptocurrencies and make informed trading decisions.
1 answers
- Dec 17, 2021 · 3 years agoBYDFi is a great platform for analyzing cryptocurrencies, but if you're specifically interested in using the relative rotation graph on thinkorswim, here's how you can do it: 1. Open thinkorswim and navigate to the Charts tab. 2. Select the cryptocurrency you want to analyze from the watchlist or enter the symbol in the search bar. 3. Click on the Studies button and choose Relative Rotation Graph. 4. The graph will display the performance of the cryptocurrency relative to a benchmark index. 5. Analyze the rotation of the cryptocurrency in the graph to identify its relative strength and momentum. 6. Use this information to make informed trading decisions and find cryptocurrencies with potential for future outperformance. Remember, the relative rotation graph is just one tool in your analysis. Consider other factors like fundamental analysis and market trends for a comprehensive view. I hope this guide helps you analyze cryptocurrencies on thinkorswim using the relative rotation graph. Good luck with your trading endeavors! 🚀
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