What are the best indicators to use on TradingView for cryptocurrency analysis?

5 answers

• Dec 17, 2021 · 3 years ago
  When it comes to analyzing cryptocurrencies on TradingView, there are several indicators that can be useful. One popular indicator is the Moving Average Convergence Divergence (MACD), which helps identify trend reversals and momentum shifts. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can help identify overbought and oversold conditions. These are just a few examples, but it's important to note that the best indicators for cryptocurrency analysis may vary depending on the specific coin or market conditions.
  631316
• Dec 17, 2021 · 3 years ago
  Alright, let's talk about the best indicators for cryptocurrency analysis on TradingView. One indicator that many traders find helpful is the Ichimoku Cloud. It provides a comprehensive view of support and resistance levels, as well as trend direction. Another popular indicator is the Volume Weighted Average Price (VWAP), which helps identify the average price at which a cryptocurrency has been traded over a specific period. Don't forget about the Simple Moving Average (SMA) and Exponential Moving Average (EMA) indicators, which can provide insights into price trends. Experiment with different indicators and find the ones that work best for your trading strategy.
  671224
• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can tell you that the best indicators to use on TradingView for cryptocurrency analysis are the ones that suit your trading style and goals. However, one indicator that many traders find useful is the Relative Strength Index (RSI). It helps identify overbought and oversold conditions, which can be valuable for timing your trades. Another popular indicator is the Moving Average Convergence Divergence (MACD), which provides insights into trend reversals and momentum shifts. Additionally, the Fibonacci retracement tool can help identify potential support and resistance levels. Remember, it's important to combine indicators with other forms of analysis for a well-rounded approach.
  714179
• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators on TradingView for cryptocurrency analysis. One popular combination is the MACD and RSI. The MACD can help identify trend reversals, while the RSI can indicate overbought or oversold conditions. Another useful combination is the Bollinger Bands and the Volume Weighted Average Price (VWAP). The Bollinger Bands can help identify volatility, while the VWAP can provide insights into the average price at which a cryptocurrency has been traded. Remember, it's important to experiment with different indicators and find the ones that work best for you.
  636128
• Dec 17, 2021 · 3 years ago
  When it comes to analyzing cryptocurrencies on TradingView, there isn't a one-size-fits-all answer. The best indicators to use will depend on your trading strategy and preferences. That being said, some commonly used indicators for cryptocurrency analysis include the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Stochastic Oscillator. These indicators can help identify trend reversals, overbought or oversold conditions, and price momentum. However, it's important to remember that indicators are just tools and should be used in conjunction with other forms of analysis to make informed trading decisions.
  652109