What are the most popular indicators to use with lux algorithm on TradingView for cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the most popular indicators to use with the lux algorithm on TradingView for cryptocurrency trading is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another popular indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Additionally, the Bollinger Bands indicator can be useful for identifying overbought or oversold conditions in the market. These indicators, combined with the lux algorithm, can provide valuable insights for cryptocurrency trading.
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• Dec 17, 2021 · 3 years ago
  When it comes to using the lux algorithm on TradingView for cryptocurrency trading, there are several popular indicators that traders often rely on. One of them is the Ichimoku Cloud indicator, which helps identify support and resistance levels, as well as potential trend reversals. Another commonly used indicator is the Stochastic Oscillator, which measures the momentum of price movements. Additionally, the Volume Weighted Average Price (VWAP) indicator can be useful for determining the average price at which a cryptocurrency has been traded over a specific period. These indicators, when used in conjunction with the lux algorithm, can enhance your trading strategy and improve your chances of success.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the lux algorithm on TradingView for cryptocurrency trading. According to their research, the most popular indicators to use with this algorithm are the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands. These indicators have proven to be effective in analyzing cryptocurrency market trends and making profitable trading decisions. BYDFi also suggests considering other indicators such as the Ichimoku Cloud, the Stochastic Oscillator, and the Volume Weighted Average Price (VWAP) to further enhance your trading strategy. Remember to always conduct your own research and analysis before making any trading decisions.
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