How can I use tradingview to track the performance of S&P 500 in relation to popular cryptocurrencies?
ALEXXA 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?
3 answers
- Nov 26, 2021 · 3 years agoSure 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.
- Nov 26, 2021 · 3 years agoAbsolutely! 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.
- Nov 26, 2021 · 3 years agoDefinitely! 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!
Related Tags
Hot Questions
- 85
What are the tax implications of using cryptocurrency?
- 78
What are the advantages of using cryptocurrency for online transactions?
- 66
How can I buy Bitcoin with a credit card?
- 51
How can I protect my digital assets from hackers?
- 40
What are the best practices for reporting cryptocurrency on my taxes?
- 40
What is the future of blockchain technology?
- 36
Are there any special tax rules for crypto investors?
- 28
How does cryptocurrency affect my tax return?