What are the top-rated tradingview indicators recommended by cryptocurrency traders?
DarGraDec 17, 2021 · 3 years ago5 answers
Can you recommend some of the best tradingview indicators that are highly rated by cryptocurrency traders? I'm looking for indicators that can help me make better trading decisions in the volatile cryptocurrency market. Please provide some insights on the top-rated indicators and how they can be used effectively.
5 answers
- Dec 17, 2021 · 3 years agoSure! One of the top-rated tradingview indicators recommended by cryptocurrency traders is the Moving Average Convergence Divergence (MACD). It is a versatile indicator that helps identify potential trend reversals and provides signals for buying or selling. Another popular indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. It can be used to identify overbought or oversold conditions in the market. Additionally, the Bollinger Bands indicator is widely used by traders to determine volatility and potential price breakouts. These are just a few examples of the top-rated indicators that can be found on TradingView.
- Dec 17, 2021 · 3 years agoWell, when it comes to tradingview indicators for cryptocurrency, it's important to consider your trading style and goals. One highly recommended indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction. Another popular indicator is the Volume Profile, which shows the volume traded at each price level. This can help identify areas of high liquidity and potential price reversals. Don't forget about the Fibonacci retracement tool, which is widely used to identify potential levels of support and resistance based on the Fibonacci sequence. These indicators can be powerful tools in your trading arsenal.
- Dec 17, 2021 · 3 years agoAs an expert at BYDFi, I can tell you that one of the top-rated tradingview indicators recommended by cryptocurrency traders is the Stochastic Oscillator. This indicator compares the closing price of a cryptocurrency to its price range over a certain period of time. It can help identify overbought or oversold conditions and potential trend reversals. Another popular indicator is the Average True Range (ATR), which measures market volatility. This can be useful for setting stop-loss levels and determining position sizes. Lastly, the Parabolic SAR indicator is often used to identify potential trend reversals. These indicators can provide valuable insights for cryptocurrency traders.
- Dec 17, 2021 · 3 years agoWhen it comes to tradingview indicators for cryptocurrency, you have plenty of options to choose from. One highly rated indicator is the On-Balance Volume (OBV), which measures buying and selling pressure. It can help confirm trends and identify potential price breakouts. Another popular indicator is the Williams %R, which measures overbought and oversold conditions. It can be used to identify potential entry or exit points. Additionally, the Average Directional Index (ADX) is often used to determine the strength of a trend. These indicators, along with many others available on TradingView, can be valuable tools for cryptocurrency traders.
- Dec 17, 2021 · 3 years agoIf you're looking for top-rated tradingview indicators for cryptocurrency, you can't go wrong with the Relative Vigor Index (RVI). This indicator measures the conviction of a recent price action and can help identify potential trend reversals. Another popular indicator is the Commodity Channel Index (CCI), which measures the deviation of a cryptocurrency's price from its average price. It can be used to identify overbought or oversold conditions. Lastly, the Money Flow Index (MFI) is often used to measure the inflow and outflow of money in a cryptocurrency. These indicators can provide valuable insights for cryptocurrency traders.
Related Tags
Hot Questions
- 94
What are the best practices for reporting cryptocurrency on my taxes?
- 94
How can I buy Bitcoin with a credit card?
- 81
What are the tax implications of using cryptocurrency?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 50
What is the future of blockchain technology?
- 39
How can I minimize my tax liability when dealing with cryptocurrencies?
- 28
How can I protect my digital assets from hackers?
- 17
How does cryptocurrency affect my tax return?