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What are the best paid indicators for tradingview in the cryptocurrency market?

avatarKuling KulinganNov 30, 2021 · 3 years ago1 answers

I'm looking for the best paid indicators on TradingView specifically designed for analyzing the cryptocurrency market. Can anyone recommend some indicators that have proven to be effective in predicting price movements and identifying profitable trading opportunities? I'm particularly interested in indicators that can be used for short-term trading and scalping strategies. Any insights would be greatly appreciated!

What are the best paid indicators for tradingview in the cryptocurrency market?
Cryptocurrency
Tradingview
Indicators

1 answers

  • avatarNov 30, 2021 · 3 years ago
    As a representative from BYDFi, I would like to recommend the Bollinger Bands indicator as one of the best paid indicators for TradingView in the cryptocurrency market. Bollinger Bands consist of a middle band, which is a simple moving average, and two outer bands that are standard deviations away from the middle band. The width of the bands expands and contracts based on market volatility. Traders often use Bollinger Bands to identify potential price breakouts and reversals. When the price touches the upper band, it is considered overbought, indicating a potential selling opportunity. Conversely, when the price touches the lower band, it is considered oversold, indicating a potential buying opportunity. The Bollinger Bands indicator can be customized to suit different trading strategies and timeframes, making it a valuable tool for cryptocurrency traders.

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