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What are the most popular indicators to use when trading NQ on TradingView?

avatarHekuatorDec 17, 2021 · 3 years ago3 answers

When trading NQ on TradingView, what are the most popular indicators that traders use to make informed decisions?

What are the most popular indicators to use when trading NQ on TradingView?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the most popular indicators that traders use when trading NQ on TradingView is the Moving Average Convergence Divergence (MACD). This indicator helps identify potential trend reversals and provides signals for buying or selling. Another commonly used indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Traders also rely on the Bollinger Bands, which help identify volatility and potential price breakouts. These are just a few examples of the popular indicators used by traders on TradingView when trading NQ.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to trading NQ on TradingView, many traders find the Ichimoku Cloud indicator to be quite useful. This indicator provides a comprehensive view of support and resistance levels, as well as trend direction. Additionally, the Fibonacci retracement tool is often used to identify potential price levels for entering or exiting trades. Traders also pay attention to volume indicators, such as the On-Balance Volume (OBV), to gauge the strength of a price movement. These indicators can help traders make more informed decisions when trading NQ on TradingView.
  • avatarDec 17, 2021 · 3 years ago
    As an expert at BYDFi, I can tell you that when trading NQ on TradingView, it's important to consider a combination of indicators to get a well-rounded view of the market. While the indicators mentioned earlier are popular, it's crucial to customize your indicator selection based on your trading strategy and risk tolerance. Some traders may prefer oscillators like the Stochastic Oscillator or the Average Directional Index (ADX), while others may rely on trend-following indicators like the Parabolic SAR or the Moving Average. Ultimately, the choice of indicators depends on your trading style and preferences.