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What are the best tradingview supply and demand indicators for cryptocurrency trading?

avatarMeyers RosarioNov 29, 2021 · 3 years ago3 answers

I'm looking for the best supply and demand indicators on TradingView for cryptocurrency trading. Can anyone recommend some reliable indicators that can help me identify potential buying and selling opportunities?

What are the best tradingview supply and demand indicators for cryptocurrency trading?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    One of the best supply and demand indicators on TradingView for cryptocurrency trading is the Volume Profile. This indicator shows the volume traded at each price level, allowing you to identify areas of high demand or supply. By analyzing the volume profile, you can spot potential support and resistance levels, which can be useful for making trading decisions. Give it a try and see how it works for you!
  • avatarNov 29, 2021 · 3 years ago
    When it comes to supply and demand indicators for cryptocurrency trading on TradingView, the Accumulation/Distribution Line is worth considering. This indicator measures the buying and selling pressure in the market by analyzing the volume and price movements. It can help you identify whether there is more buying or selling activity, which can be useful for predicting price movements. Keep in mind that no indicator is perfect, so it's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi offers a great supply and demand indicator for cryptocurrency trading on TradingView. Their indicator uses advanced algorithms to identify areas of high demand and supply, giving you valuable insights into potential buying and selling opportunities. It's easy to use and provides accurate signals. Give it a try and see how it can enhance your trading strategy. Remember to always do your own research and consider multiple indicators before making any trading decisions.