What are the best tradingview tick chart indicators for analyzing cryptocurrency trends?
karthiDec 18, 2021 · 3 years ago3 answers
I'm looking for the best tradingview tick chart indicators to analyze cryptocurrency trends. Can you recommend any indicators that are effective in predicting price movements and identifying trends? I want to make informed trading decisions based on technical analysis, so I'm specifically interested in indicators that work well with tick charts on the tradingview platform. Any suggestions?
3 answers
- Dec 18, 2021 · 3 years agoOne of the best tick chart indicators for analyzing cryptocurrency trends on tradingview is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another effective indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can be useful in identifying volatility and potential price breakouts. Remember to combine these indicators with other technical analysis tools for a comprehensive view of the market.
- Dec 18, 2021 · 3 years agoWhen it comes to tick chart indicators for analyzing cryptocurrency trends on tradingview, there are a few options worth considering. The Ichimoku Cloud indicator is popular among traders as it provides a holistic view of support, resistance, and trend direction. Another useful indicator is the Volume Profile, which shows the volume traded at different price levels. Lastly, the Stochastic Oscillator can help identify overbought and oversold conditions. Experiment with different indicators and find the ones that suit your trading style and goals.
- Dec 18, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) indicator for analyzing cryptocurrency trends on tradingview tick charts. VWAP calculates the average price weighted by trading volume, providing insights into the true value of an asset. This indicator is particularly useful for day traders and can help identify price levels where significant trading activity has occurred. Give it a try and see how it complements your trading strategy.
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