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How can I use tradingview to track the performance of S&P 500 in relation to popular cryptocurrencies?

avatarALEXXA DATINGNov 26, 2021 · 3 years ago3 answers

I want to use tradingview to monitor the performance of the S&P 500 index and compare it to popular cryptocurrencies. How can I do that? Is there a specific indicator or tool I should use on tradingview? Can I also track the performance of individual cryptocurrencies against the S&P 500?

How can I use tradingview to track the performance of S&P 500 in relation to popular cryptocurrencies?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure thing! To track the performance of the S&P 500 in relation to popular cryptocurrencies on TradingView, you can use the 'compare' feature. Simply add the S&P 500 index as the main chart and then add the cryptocurrencies you want to compare as additional symbols. You can also use the 'overlay' feature to directly overlay the cryptocurrency chart on top of the S&P 500 chart for a more visual comparison.
  • avatarNov 26, 2021 · 3 years ago
    Absolutely! TradingView offers a wide range of indicators and tools that can help you track the performance of the S&P 500 in relation to popular cryptocurrencies. Some popular indicators include the 'Correlation Coefficient' and the 'Relative Strength Index (RSI)'. These indicators can provide insights into the correlation and relative strength between the S&P 500 and cryptocurrencies. You can customize the settings of these indicators to suit your specific needs.
  • avatarNov 26, 2021 · 3 years ago
    Definitely! TradingView is a powerful platform for tracking the performance of various assets, including the S&P 500 and cryptocurrencies. By using the 'compare' feature, you can easily analyze the performance of individual cryptocurrencies against the S&P 500. Additionally, TradingView provides a wide range of technical analysis tools and indicators that can help you gain deeper insights into the market trends and correlations between these assets. Give it a try and see how it can enhance your trading strategy!