What are the best indicators to use on TradingView for analyzing crypto charts?
Ortiz LyonDec 17, 2021 · 3 years ago3 answers
I'm new to crypto trading and I want to know which indicators are the most effective for analyzing crypto charts on TradingView. Can you recommend some indicators that can help me make better trading decisions?
3 answers
- Dec 17, 2021 · 3 years agoWhen it comes to analyzing crypto charts on TradingView, there are several indicators that can be quite useful. One popular indicator is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals. Another commonly used indicator is the Relative Strength Index (RSI), which can indicate whether a cryptocurrency is overbought or oversold. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. These are just a few examples, but it's important to note that the best indicators may vary depending on your trading strategy and the specific cryptocurrency you're analyzing. It's always a good idea to experiment with different indicators and find the ones that work best for you.
- Dec 17, 2021 · 3 years agoHey there! If you're looking for some indicators to use on TradingView for analyzing crypto charts, I've got a few suggestions for you. One indicator that many traders find helpful is the Ichimoku Cloud, which provides insights into support and resistance levels, as well as potential trend reversals. Another popular indicator is the Volume Profile, which can give you a better understanding of trading activity at different price levels. And let's not forget about the Fibonacci retracement tool, which can help identify potential levels of support and resistance based on key Fibonacci ratios. Give these indicators a try and see how they work for you!
- Dec 17, 2021 · 3 years agoAs an expert at BYDFi, I can tell you that there are a few indicators on TradingView that can be quite effective for analyzing crypto charts. One of my personal favorites is the Relative Strength Index (RSI), which can help identify overbought and oversold conditions. Another useful indicator is the Moving Average, which can provide insights into the overall trend of a cryptocurrency. And if you're interested in measuring volatility, the Average True Range (ATR) indicator can be quite helpful. Remember, it's important to use indicators in conjunction with other analysis techniques to make well-informed trading decisions.
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