What are the best indicators to use in Pine Script on TradingView for cryptocurrency trading?

3 answers

• Nov 28, 2021 · 3 years ago
  When it comes to cryptocurrency trading, there are several indicators that are commonly used in Pine Script on TradingView. One of the most popular indicators is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals and generate buy or sell signals. Another widely used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements to determine overbought or oversold conditions. Additionally, the Bollinger Bands indicator is often used to identify volatility and potential price breakouts. These indicators can be easily implemented in Pine Script and provide valuable insights for cryptocurrency traders.
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• Nov 28, 2021 · 3 years ago
  Alright, let's talk about the best indicators for cryptocurrency trading on Pine Script. One of my personal favorites is the Ichimoku Cloud indicator. It provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. Another popular indicator is the Stochastic Oscillator, which helps identify overbought and oversold conditions. Don't forget about the Volume indicator, as it can give you insights into market strength and confirm price movements. Finally, the Fibonacci retracement tool is also widely used to identify potential price levels for entry and exit points. Give these indicators a try and see which ones work best for your trading strategy!
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• Nov 28, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that many traders on our platform find the Moving Average indicator to be quite effective for cryptocurrency trading on Pine Script. It helps smooth out price fluctuations and provides a clear visual representation of the overall trend. Additionally, the Relative Strength Index (RSI) is widely used by our traders to identify overbought and oversold conditions. Another popular indicator is the Bollinger Bands, which can help identify potential price breakouts. These indicators, when used in combination, can provide valuable insights for cryptocurrency traders on Pine Script.
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