What are the best market profile indicators for trading cryptocurrencies on TradingView?
CorneliaDec 17, 2021 · 3 years ago3 answers
I'm looking for the best market profile indicators to use when trading cryptocurrencies on TradingView. Can anyone recommend some reliable indicators that can help me analyze the market profile and make better trading decisions?
3 answers
- Dec 17, 2021 · 3 years agoOne of the best market profile indicators for trading cryptocurrencies on TradingView is the Volume Profile indicator. It allows you to see the volume traded at each price level, which can help identify areas of support and resistance. Additionally, the VWAP (Volume-Weighted Average Price) indicator is also useful for analyzing the market profile and determining the average price at which a cryptocurrency has traded over a given period of time. Both of these indicators can provide valuable insights for cryptocurrency traders on TradingView.
- Dec 17, 2021 · 3 years agoWhen it comes to market profile indicators for trading cryptocurrencies on TradingView, you can't go wrong with the TPO (Time Price Opportunity) indicator. This indicator displays the price distribution over a specified time period, allowing you to identify areas of high and low activity. Another popular indicator is the POC (Point of Control), which represents the price level at which the most trading activity has occurred. These indicators can help you identify key support and resistance levels and make more informed trading decisions.
- Dec 17, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the Market Profile indicator for trading cryptocurrencies on TradingView. This indicator displays the volume traded at each price level, allowing you to identify areas of high and low liquidity. It also provides valuable information about the market's structure and can help you identify potential breakout and reversal points. Give it a try and see how it can improve your cryptocurrency trading strategy on TradingView!
Related Tags
Hot Questions
- 97
What are the best digital currencies to invest in right now?
- 94
How can I minimize my tax liability when dealing with cryptocurrencies?
- 88
How does cryptocurrency affect my tax return?
- 69
What are the tax implications of using cryptocurrency?
- 54
What are the advantages of using cryptocurrency for online transactions?
- 49
What are the best practices for reporting cryptocurrency on my taxes?
- 22
How can I protect my digital assets from hackers?
- 19
Are there any special tax rules for crypto investors?