What are some popular indicators on TradingView that traders use for day trading cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! One popular indicator that traders often use on TradingView for day trading cryptocurrencies is the Moving Average Convergence Divergence (MACD). This indicator helps traders identify potential trend reversals and generate buy or sell signals. Another commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. It can help traders identify overbought or oversold conditions in the market. Additionally, the Bollinger Bands indicator is widely used by traders to determine volatility and potential price breakouts. These are just a few examples of the many indicators available on TradingView that can assist traders in making informed decisions.
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• Dec 17, 2021 · 3 years ago
  When it comes to day trading cryptocurrencies on TradingView, there are several popular indicators that traders rely on. One of them is the Stochastic Oscillator, which helps identify overbought and oversold conditions in the market. Another commonly used indicator is the Moving Average, which smooths out price data and helps traders identify trends. Additionally, the Volume indicator is often used to confirm price movements and identify potential reversals. These indicators, along with many others available on TradingView, can provide valuable insights for day traders in the cryptocurrency market.
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• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that many traders on TradingView use the Ichimoku Cloud indicator for day trading cryptocurrencies. This indicator provides a comprehensive view of support and resistance levels, as well as potential trend reversals. It combines multiple components, including the Tenkan-sen, Kijun-sen, and Senkou Span, to generate buy or sell signals. Traders find this indicator particularly useful for identifying strong trends and making informed trading decisions. If you're looking for a popular indicator to use on TradingView for day trading cryptocurrencies, the Ichimoku Cloud is definitely worth considering.
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